Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $12,647,683.62 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 383,031 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.02, for a total transaction of $12,647,683.62. Following the completion of the transaction, the insider owned 402,081 shares in the company, valued at $13,276,714.62. This trade represents a 48.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total transaction 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 transaction of $15,494,530.74.
• 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 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 shares were 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 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 value 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 value of $33,372,019.33.
• On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The stock was sold at an average price of $32.62, for a total value of $58,591,913.52.

Chime Financial Price Performance

Shares of NASDAQ CHYM opened at $33.15 on Thursday. The stock has a market capitalization of $12.55 billion, a PE ratio of -473.50 and a beta of 0.31. The business has a fifty day moving average price of $24.35 and a two-hundred day moving average price of $21.46. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.74.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($7.29) earnings per share. On average, equities analysts expect that Chime Financial, Inc. will post 0.41 EPS for the current year.

Institutional Trading of Chime Financial

Several institutional investors and hedge funds have recently modified their holdings of CHYM. California State Teachers Retirement System acquired a new stake in Chime Financial in the second quarter valued at about $59,367,000. Comprehensive Financial Management LLC raised its stake in Chime Financial by 2.4% during the second quarter. Comprehensive Financial Management LLC now owns 565,976 shares of the company’s stock worth $11,591,000 after acquiring an additional 13,225 shares in the last quarter. Spyglass Capital Management LLC raised its stake in Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after acquiring an additional 2,109,057 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Chime Financial in the second quarter worth about $1,517,000. Finally, Ranger Investment Management L.P. bought a new position in shares of Chime Financial in the second quarter worth about $24,344,000.

Chime Financial News Roundup

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

• Positive Sentiment: Analysts raised their price targets. Wolfe Research lifted its target from $32 to $38 and maintained an “outperform” rating, while Wells Fargo increased its target from $33 to $39 and retained an “overweight” rating. The revisions imply roughly 15% to 18% upside from the referenced $33.15 share price. Benzinga analyst price-target reports
• Positive Sentiment: Recent operating results remain a support. Chime’s latest quarterly earnings exceeded expectations, with EPS of $0.07 versus the consensus estimate of a $0.01 loss. Revenue rose 26.8% year over year to approximately $669.8 million, reinforcing the investment case for continued growth and improving profitability.
• Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures show no measurable short position, they do not indicate either notable short-covering support or elevated bearish pressure.
• Negative Sentiment: Global Advisors Ltd. Dst has continued to reduce its CHYM position. The major shareholder sold 1,775,044 shares on August 24 for approximately $58.7 million and another 80,914 shares on August 25 for about $2.7 million. Across the disclosed August transactions, the investor has sold millions of shares, reducing its position by more than 80% in the latest filing. The sales were reportedly primarily related to tax liabilities, but the large disposals can weigh on sentiment and increase available supply. SEC ownership filing

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHYM shares. Wolfe Research upped their price objective on shares of Chime Financial from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets raised their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Piper Sandler boosted their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, B. Riley Financial increased their price target on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Chime Financial currently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

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.