Insider Selling: Chime Financial (NASDAQ:CHYM) Director Sells $8,303,540.21 in Stock

by · The Cerbat Gem

Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) Director James Feuille sold 256,837 shares of Chime Financial stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $32.33, for a total transaction of $8,303,540.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

James Feuille also recently made the following trade(s):

  • On Monday, September 14th, James Feuille sold 95,400 shares of Chime Financial stock. The stock was sold at an average price of $34.09, for a total transaction of $3,252,186.00.
  • On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The stock was sold at an average price of $32.94, for a total transaction of $8,511,630.12.
  • On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The shares were sold at an average price of $33.15, for a total transaction of $3,099,259.80.

Chime Financial Trading Down 7.0%

Shares of Chime Financial stock traded down $2.36 on Wednesday, hitting $31.25. 8,242,627 shares of the company traded hands, compared to its average volume of 5,455,204. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The company has a market cap of $11.83 billion, a P/E ratio of -446.36 and a beta of 0.60. The firm’s 50-day simple moving average is $28.23 and its 200 day simple moving average is $22.71.

Chime Financial (NASDAQ:CHYM – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the firm posted ($7.29) earnings per share. Analysts predict 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: Analyst support remains strong: B. Riley raised its price target to $44, while Rothschild & Co. Redburn upgraded CHYM to “Buy.” Goldman Sachs also recently raised its target to $37 and maintained a “Buy” rating. These actions indicate continued confidence in Chime’s growth outlook. B. Riley price target article Redburn upgrade article
  • Positive Sentiment: New York office opening signals expansion: Chime opened a new office in New York, potentially supporting hiring, partnerships and broader corporate growth, although the near-term earnings impact is unclear. Chime Financial opens New York office
  • Neutral Sentiment: Bank acquisition remains the key catalyst: Chime agreed to acquire Central Service Corporation, parent of Stride Bank, for $590 million in cash. The deal could give Chime faster control of its banking infrastructure, but it still requires regulatory approvals and carries integration, capital and execution risks.
  • Negative Sentiment: Investors are locking in gains: After reaching recent post-IPO highs, CHYM appears vulnerable to profit-taking as shareholders reassess the valuation and the risks surrounding the Stride Bank transaction. The pullback also occurred amid broader weakness in financial shares. Chime Financial bank deal and rally analysis
  • Negative Sentiment: Heavy insider selling adds pressure: Global Advisors Ltd. Dst sold 207,513 shares for approximately $6.9 million, while directors Shawn Carolan, James Feuille and Cynthia Marshall have also reported sizable sales. The absence of reported insider purchases may weigh on sentiment, even though transactions can reflect diversification or planned selling. Chime insider selling report

Analyst Ratings Changes

CHYM has been the topic of several recent research reports. Wolfe Research increased their price objective on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Rothschild & Co Redburn raised Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday. Barclays increased their price target on shares of Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Zacks Research raised shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chime Financial presently has an average rating of “Buy” and a consensus target price of $36.40.

Get Our Latest Analysis on CHYM

Institutional Investors Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CHYM. AMS Capital Ltda purchased a new stake in Chime Financial during the 1st quarter valued at about $3,439,000. Arrowstreet Capital Limited Partnership increased its stake in Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after purchasing an additional 2,658,816 shares during the period. Hsbc Holdings PLC purchased a new position in Chime Financial in the 4th quarter worth approximately $1,274,000. Brown University raised its stake in shares of Chime Financial by 99.0% during the first quarter. Brown University now owns 204,625 shares of the company’s stock valued at $3,833,000 after acquiring an additional 101,820 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Chime Financial by 115.0% during the first quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock worth $5,986,000 after purchasing an additional 170,941 shares during the period.

Chime Financial Company Profile

(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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