Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 4,456,157 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the transaction, the insider directly owned 405,663 shares of the company’s stock, valued at approximately $13,248,953.58. The trade was a 91.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The shares were sold at an average price of $32.21, for a total value of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were sold at an average price of $32.18, for a total value of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were sold at an average price of $32.14, for a total value of $22,925,108.46.
• On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The stock was sold at an average price of $32.01, for a total transaction of $64,724.22.
• On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The stock was sold at an average price of $32.11, for a total transaction of $33,372,019.33.
• On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The shares were sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Stock Performance

NASDAQ:CHYM opened at $31.95 on Friday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.75. The stock has a market capitalization of $12.10 billion, a P/E ratio of -456.36 and a beta of 0.31. The company’s 50-day simple moving average is $23.07 and its 200-day simple moving average is $21.15.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($7.29) EPS. On average, research analysts forecast that Chime Financial, Inc. will post 0.41 EPS for the current year.

More Chime Financial News

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

• Positive Sentiment: Zacks Research upgraded Chime Financial to “strong buy,” adding to recent bullish sentiment around the stock. Zacks Research upgrade
• Positive Sentiment: Chime has gained 10.03% over the past week, while Zacks cited improving earnings estimates and included CHYM on its Rank #1 “Strong Buy” and momentum-stock lists. These revisions may support continued near-term investor interest. Zacks momentum analysis
• Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime’s stock price to rise, providing additional support for the bullish case. Morgan Stanley analyst outlook
• Neutral Sentiment: CEO and co-founder Chris Britt is scheduled to participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. The event could provide investors with updated commentary, but it has no immediate financial impact. Chime conference announcement
• Negative Sentiment: Global Advisors Ltd Dst sold 4.46 million CHYM shares for approximately $145.5 million on August 19, after selling another 353,812 shares worth about $11.4 million on August 18. The transactions reduced the shareholder’s position by 91.66% and 44.16%, respectively, creating a significant supply overhang and likely weighing on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CHYM. AMS Capital Ltda acquired a new stake in shares of Chime Financial during the first quarter worth about $3,439,000. Arrowstreet Capital Limited Partnership increased its holdings 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 buying an additional 2,658,816 shares during the period. Hsbc Holdings PLC acquired a new position in Chime Financial in the 4th quarter worth approximately $1,274,000. Davis Selected Advisers raised its position in Chime Financial by 3.0% during the 4th quarter. Davis Selected Advisers now owns 2,472,106 shares of the company’s stock worth $62,223,000 after buying an additional 72,940 shares during the last quarter. Finally, Brown University raised its position in Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after buying an additional 101,820 shares during the last quarter.

Analyst Upgrades and Downgrades

CHYM has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Wolfe Research reaffirmed an “outperform” rating and set a $32.00 target price on shares of Chime Financial in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their price target on Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.39.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.