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 company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $32.10, for a total value of $344,754.00. Following the completion of the transaction, the insider directly owned 336,698 shares in the company, valued at $10,808,005.80. This trade represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock 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 stock was sold at an average price of $31.13, for a total value of $41,061,310.51.
• On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The shares were 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 shares were sold at an average price of $33.07, for a total transaction 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 transaction of $2,088,838.90.
• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The stock was sold at an average price of $33.04, for a total transaction 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 transaction 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 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 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 transaction 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 transaction of $145,538,087.62.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM opened at $32.54 on Wednesday. The firm has a market cap of $12.32 billion, a PE ratio of 141.43 and a beta of 0.74. The firm’s 50 day simple moving average is $29.91 and its 200-day simple moving average is $23.96. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $35.55.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $718.00 million during the quarter. Chime Financial had a return on equity of 6.72% and a net margin of 3.05%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Equities research analysts predict that Chime Financial, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Trading of Chime Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Spyglass Capital Management LLC increased its holdings in shares of Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock valued at $69,760,000 after acquiring an additional 2,109,057 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after acquiring an additional 2,658,816 shares in the last quarter. Ieq Capital LLC raised its position in shares of Chime Financial by 4.0% in the 3rd quarter. Ieq Capital LLC now owns 2,381,992 shares of the company’s stock worth $63,456,000 after acquiring an additional 90,594 shares in the last quarter. Light Street Capital Management LLC lifted its stake in shares of 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 purchasing an additional 121,474 shares during the last quarter. Finally, Lunate Capital Ltd purchased a new stake in shares of Chime Financial during the 3rd quarter worth $48,212,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHYM shares. Deutsche Bank Aktiengesellschaft upgraded Chime Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $35.00 in a report on Thursday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price objective on shares of Chime Financial from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, UBS Group reissued a “buy” rating on shares of Chime Financial in a research report on Thursday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chime Financial has an average rating of “Buy” and an average target price of $39.47.

Chime Financial News Roundup

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

• Positive Sentiment: Upbeat earnings outlook: Zacks said rising earnings estimates could support further gains. Chime’s latest reported quarter also beat EPS expectations and delivered 32.1% year-over-year revenue growth, providing a positive fundamental backdrop. Article: Surging Earnings Estimates Signal Upside
• Positive Sentiment: Momentum appeal: Zacks also characterized CHYM as a long-term momentum stock, potentially attracting investors focused on stronger-performing shares. Article: Why Chime Is a Top Momentum Stock
• Neutral Sentiment: Short-interest data is unclear: One report describes a large increase but gives short interest as zero shares and a 0.0-day ratio. The figures appear inconsistent, so they do not establish short-covering as a meaningful catalyst.
• Neutral Sentiment: Mixed analyst signal: Monness maintained a Hold rating, while the cited broader analyst consensus was Moderate Buy. Article: Monness Maintains Hold Rating
• Negative Sentiment: Large shareholder selling: Global Advisors Ltd Dst sold 1,319,027 shares for about $41.1 million on November 6, an 80.26% reduction in its position. The additional reported sale of 10,740 shares adds to the potential supply overhang and may unsettle investors. Article: Chime Major Shareholder Sales

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. Chris Britt has served as the company’s chief executive officer.