Insider Selling: Chime Financial (NASDAQ:CHYM) Director Sells $3,099,259.80 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 93,492 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $33.15, for a total value of $3,099,259.80. Following the transaction, the director directly owned 6,944,215 shares in the company, valued at approximately $230,200,727.25. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The shares were sold at an average price of $32.94, for a total value of $8,511,630.12.

Chime Financial Stock Up 2.9%

Shares of NASDAQ CHYM traded up $0.97 during midday trading on Monday, hitting $33.97. 9,854,087 shares of the company’s stock were exchanged, compared to its average volume of 5,411,001. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The company’s 50 day moving average price is $27.73 and its 200 day moving average price is $22.52. The firm has a market capitalization of $12.86 billion, a PE ratio of -485.22 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last posted its quarterly 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. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business had revenue of $669.77 million for the quarter. During the same quarter last year, the company posted ($7.29) EPS. The firm’s revenue was up 26.8% on a year-over-year basis. On average, equities research analysts anticipate that Chime Financial, Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHYM. The Goldman Sachs Group raised their target price on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Zacks Research raised shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, Barclays boosted their price objective on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Four investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $36.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CHYM. Engineers Gate Manager LP acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $1,810,000. Arizona State Retirement System bought a new position in Chime Financial during the 2nd quarter worth $692,000. Light Street Capital Management LLC increased its stake in Chime Financial by 5.8% during the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock worth $45,037,000 after acquiring an additional 121,474 shares during the period. Allianz Asset Management GmbH acquired a new position in Chime Financial in the 2nd quarter valued at $7,828,000. Finally, California State Teachers Retirement System acquired a new position in Chime Financial in the 2nd quarter valued at $59,367,000.

About Chime Financial

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.