Insider Selling: Chime Financial (NASDAQ:CHYM) Director Sells 7,229 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 7,229 shares of Chime Financial stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $24.82, for a total transaction of $179,423.78. Following the transaction, the director directly owned 7,037,707 shares in the company, valued at $174,675,887.74. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 11th, James Feuille sold 176,168 shares of Chime Financial stock. The shares were sold at an average price of $27.12, for a total transaction of $4,777,676.16.

Chime Financial Price Performance

Shares of NASDAQ CHYM traded up $0.64 during mid-day trading on Thursday, reaching $25.34. 3,005,465 shares of the company’s stock were exchanged, compared to its average volume of 3,455,960. The firm’s fifty day moving average is $20.38. Chime Financial, Inc. has a twelve month low of $16.17 and a twelve month high of $44.94.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $543.52 million during the quarter. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.34) earnings per share.

Institutional Trading of Chime Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. PFG Investments LLC bought a new stake in Chime Financial during the second quarter worth $350,000. Hennessy Advisors Inc. bought a new position in shares of Chime Financial in the second quarter worth about $207,000. MADDEN SECURITIES Corp bought a new stake in shares of Chime Financial during the 2nd quarter valued at approximately $582,000. Board of Trustees of The Leland Stanford Junior University bought a new position in Chime Financial in the 2nd quarter valued at approximately $1,453,000. Finally, Jennison Associates LLC bought a new position in shares of Chime Financial in the 2nd quarter valued at $3,766,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Williams Trading set a $17.00 price objective on Chime Financial in a report on Monday, November 3rd. B. Riley began coverage on shares of Chime Financial in a research report on Thursday, December 11th. They set a “buy” rating and a $35.00 price objective for the company. UBS Group cut their price objective on shares of Chime Financial from $37.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group started coverage on Chime Financial in a research note on Monday, November 3rd. They issued a “hold” rating and a $17.00 price target for the company. Finally, Arete Research upgraded shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.25.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.