Global Advisors Ltd Dst Sells 524,661 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 524,661 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $32.18, for a total value of $16,883,590.98. Following the completion of the transaction, the insider directly owned 450,640 shares in the company, valued at $14,501,595.20. The trade was a 53.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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 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 shares were 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 transaction 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 Stock Up 1.5%

CHYM stock opened at $31.91 on Wednesday. The business has a 50-day simple moving average of $22.44 and a 200 day simple moving average of $21.05. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.41. The company has a market cap of $12.08 billion, a PE ratio of -455.79 and a beta of 0.30.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping 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 during the quarter. During the same quarter in the previous year, the firm posted ($7.29) earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts anticipate that Chime Financial, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CHYM. Aspect Management LLC bought a new position in Chime Financial in the fourth quarter worth $300,361,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Chime Financial in the 4th quarter worth about $129,091,000. Orland Properties Ltd purchased a new position in Chime Financial during the 2nd quarter valued at about $159,093,000. Scge Management L.P. bought a new stake in Chime Financial during the second quarter worth about $152,563,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after purchasing an additional 2,658,816 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHYM shares. Barclays increased their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Morgan Stanley increased their price objective on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wolfe Research reissued an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chime Financial has an average rating of “Moderate Buy” and an average target price of $31.39.

Key Chime Financial News

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

• Positive Sentiment: Chime’s earnings call highlighted continued profitable growth, reinforcing the company’s recent quarterly performance. Chime reported quarterly revenue of $669.8 million, up 26.8% year over year, and earnings of $0.07 per share versus analysts’ expectation of a $0.01 loss. Chime Financial Earnings Call Highlights Profitable Growth
• Positive Sentiment: Morgan Stanley raised its price target for CHYM from $33 to $39 and maintained an “overweight” rating. The new target signals further potential upside and adds to a generally bullish analyst consensus following Chime’s earnings beat. Morgan Stanley Raises Chime Financial Price Target
• Neutral Sentiment: Analyst coverage remains broadly favorable, with multiple firms carrying Buy or Outperform ratings and recently increased targets. However, the stock’s strong rally has already pushed it above several prior price objectives, potentially limiting near-term upside unless estimates continue to rise.
• Negative Sentiment: Major shareholder Global Advisors Ltd Dst reported multiple sales totaling approximately 4.1 million shares between August 6 and August 14, including 524,661 shares sold for about $16.9 million and 713,289 shares sold for about $22.9 million. The transactions sharply reduced the shareholder’s position and could create selling pressure or raise concerns about near-term valuation. Chime Financial Major Shareholder Stock Sales

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.