Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 207,513 Shares

by · The Cerbat Gem

Chime Financial, Inc. (NASDAQ:CHYMGet Free Report) major shareholder Global Advisors Ltd Dst sold 207,513 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $33.07, for a total transaction of $6,862,454.91. Following the sale, the insider owned 366,872 shares in the company, valued at $12,132,457.04. The trade was a 36.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

  • On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The shares were sold at an average price of $35.03, for a total transaction of $2,088,838.90.
  • On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The stock was sold at an average price of $33.04, for a total value of $38,612,757.68.
  • On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The shares were sold at an average price of $33.06, for a total value of $2,675,016.84.
  • On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The shares were sold at an average price of $33.09, for a total value of $58,736,205.96.
  • On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total value of $15,494,530.74.
  • On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The stock was sold at an average price of $33.02, for a total value of $12,647,683.62.
  • On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62.
  • On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total transaction of $11,396,284.52.
  • On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was sold at an average price of $32.18, for a total transaction of $16,883,590.98.
  • On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The stock was sold at an average price of $32.14, for a total transaction of $22,925,108.46.

Chime Financial Price Performance

CHYM stock traded down $0.36 during midday trading on Tuesday, hitting $33.61. The stock had a trading volume of 10,255,474 shares, compared to its average volume of 7,175,722. The business has a fifty day moving average price of $28.23 and a two-hundred day moving average price of $22.71. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $35.55.

Chime Financial (NASDAQ:CHYMGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($7.29) earnings per share. On average, analysts expect that Chime Financial, Inc. will post 0.43 earnings per share for the current year.

Key Chime Financial News

Here are the key news stories impacting Chime Financial this week:

  • Positive Sentiment: Goldman Sachs raised its price target: Goldman lifted its target for Chime from $33 to $37 and assigned a “Buy” rating, implying approximately 10% upside from the referenced $33.61 level. The upgrade suggests greater confidence in the fintech company’s growth outlook.
  • Positive Sentiment: Consensus target moved higher: The average analyst price target reportedly increased 10.98% to $38.71, reinforcing the broadly positive view of Chime’s shares. Consensus price target article
  • Positive Sentiment: Additional bullish calls support the stock: B. Riley raised its price target from $37 to $44 while maintaining a “Buy” rating, and Rothschild & Co Redburn upgraded Chime from “Hold” to “Buy” with a $46 target. These targets imply substantial potential upside from recent trading levels.
  • Neutral Sentiment: Momentum is strong but valuation risk remains: Chime is trading well above its 50-day and 200-day moving averages and close to its annual high. Elevated volume indicates strong investor interest, but the sharp rally may also leave the shares vulnerable to volatility or profit-taking.
  • Negative Sentiment: Multiple directors sold large positions: Director Shawn T. Carolan sold a combined 579,313 shares for approximately $19.2 million, reducing one reported holding by 99.41%. Director James Feuille sold 351,890 shares worth about $11.6 million, while Director Cynthia Marshall sold 20,000 shares for approximately $661,800. The transactions could weigh on investor sentiment, although insider sales may also reflect diversification or planned transactions. Chime insider trading report

Institutional Trading of Chime Financial

Several hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in shares of Chime Financial in the 2nd quarter valued at about $1,810,000. Arizona State Retirement System purchased a new position in Chime Financial in the 2nd quarter worth approximately $692,000. Light Street Capital Management LLC boosted its stake in shares of Chime Financial by 5.8% during the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after purchasing an additional 121,474 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of Chime Financial during the second quarter valued at approximately $7,828,000. Finally, Comprehensive Financial Management LLC grew its holdings in shares of Chime Financial by 2.4% in the second quarter. Comprehensive Financial Management LLC now owns 565,976 shares of the company’s stock worth $11,591,000 after purchasing an additional 13,225 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. KeyCorp raised their price target on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Piper Sandler increased their price objective on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. UBS Group upped their price target on Chime Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Finally, Wells Fargo & Company boosted their price target on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 25th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chime Financial presently has a consensus rating of “Buy” and an average price target of $36.40.

Check Out Our Latest Analysis on Chime Financial

About Chime Financial

(Get Free Report)

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.

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