Chime Financial (NASDAQ:CHYM) Stock: Insider Global Advisors Ltd Dst Sells 10,740 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 10,740 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $32.10, for a total transaction of $344,754.00. Following the sale, the insider owned 336,698 shares in the company, valued at $10,808,005.80. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, November 6th, Global Advisors Ltd Dst sold 1,319,027 shares of Chime Financial stock. The shares were sold at an average price of $31.13, for a total transaction of $41,061,310.51.
• On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The stock was sold at an average price of $33.99, for a total transaction of $109,318,264.11.
• On Friday, September 11th, Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock. The stock was sold at an average price of $33.07, for a total value of $6,862,454.91.
• On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The stock was sold at an average price of $35.03, for a total value of $2,088,838.90.
• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were 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 shares were 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 stock was sold at an average price of $32.66, for a total value of $145,538,087.62.

Chime Financial Price Performance

Shares of NASDAQ:CHYM traded up $1.20 during trading on Monday, hitting $32.53. 7,852,250 shares of the company’s stock were exchanged, compared to its average volume of 3,494,999. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The business’s 50-day simple moving average is $29.92 and its 200 day simple moving average is $23.93. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 129.87 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The company had revenue of $718.00 million for the quarter. During the same period last year, the business posted ($0.15) EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chime Financial, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CHYM. Scotiabank lifted their price objective on shares of Chime Financial from $42.00 to $44.00 and gave the company a “sector outperform” rating in a research report on Thursday. Rothschild & Co Redburn upgraded shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, September 14th. Piper Sandler raised their target price on shares of Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. KeyCorp raised their target price on shares of Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NFSG Corp bought a new stake in Chime Financial in the third quarter worth $27,000. Reyes Financial Architecture Inc. purchased a new position in shares of Chime Financial in the 3rd quarter worth $39,000. Nisa Investment Advisors LLC grew its stake in shares of Chime Financial by 529.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock worth $50,000 after buying an additional 1,589 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Chime Financial by 1,316.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock worth $58,000 after buying an additional 2,014 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Chime Financial in the 3rd quarter worth about $70,000.

Chime Financial Company Profile

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.

Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.