Key Points
- Global Advisors Ltd Dst sold 1.04 million Chime shares for approximately $33.4 million, reducing its direct ownership by 69.22% to 462,233 shares. The shareholder also reported additional recent sales, including 1.80 million shares on August 6.
- Chime reported quarterly revenue of $669.77 million, up 26.8% year over year, and earnings of $0.07 per share, exceeding the consensus estimate of a $0.01 loss.
- Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $31.06, although CHYM was trading near $32.18 following a sharp rally and a wave of insider and shareholder selling.
Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $32.01, for a total value of $64,724.22. Following the transaction, the insider owned 462,214 shares in the company, valued at approximately $14,795,470.14. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The shares were 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 shares were sold at an average price of $32.62, for a total transaction of $58,591,913.52.
Chime Financial Trading Up 1.8%
Chime Financial stock opened at $32.18 on Friday. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $33.41. The stock has a market cap of $12.26 billion, a P/E ratio of -459.65 and a beta of 0.31. The company has a 50-day moving average price of $21.58 and a 200 day moving average price of $20.94.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.08. The company had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. Chime Financial's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm earned ($7.29) earnings per share. As a group, analysts forecast that Chime Financial, Inc. will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Chime Financial
A number of hedge funds have recently made changes to their positions in the stock. Aspect Management LLC acquired a new stake in Chime Financial in the 4th quarter valued at approximately $300,361,000. Ashton Thomas Private Wealth LLC acquired a new position in Chime Financial during the fourth quarter worth $129,091,000. Orland Properties Ltd acquired a new position in Chime Financial during the second quarter worth $159,093,000. Scge Management L.P. purchased a new position in shares of Chime Financial during the second quarter worth $152,563,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company's stock worth $51,630,000 after buying an additional 2,658,816 shares during the period.
More Chime Financial News
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Chime is reportedly weighing a stablecoin wallet for its consumer banking app. Although no launch decision or timeline has been announced, the potential feature could expand Chime’s digital-asset capabilities, increase customer engagement and open additional transaction-related revenue opportunities. Chime Weighs Adding Stablecoin Wallet to Consumer Banking App
- Neutral Sentiment: Chime announced $3 million in scholarships for 800 students through the 2026–2027 Chime Scholars Foundation cohort. The program has awarded nearly $10 million since 2022 and supports the company’s brand and community-reputation efforts, though the financial impact on CHYM is likely limited. Chime Scholars Foundation Announces 2026–2027 Cohort
- Negative Sentiment: Major shareholder Global Advisors Ltd Dst sold approximately 1.04 million shares for $33.4 million on August 11 and another 2,022 shares for about $64,700 on August 12. The larger transaction reduced its direct ownership by roughly 69%, potentially signaling profit-taking or weakening near-term investor sentiment. SEC ownership filing
- Negative Sentiment: Additional reported sales by Chime insiders and shareholders included 375,000 shares sold by Ryan King, 150,000 by Christopher Britt, 65,000 by Matthew Newcomb and 1.80 million by Global Advisors. The cluster of disposals adds supply and may raise concerns because CHYM has recently rallied sharply.
Wall Street Analysts Forecast Growth
CHYM has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on Chime Financial from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Barclays raised their target price on Chime Financial from $26.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Morgan Stanley upped their price target on Chime Financial from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Freedom Capital upgraded Chime Financial to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Chime Financial from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chime Financial has a consensus rating of "Moderate Buy" and a consensus target price of $31.06.
Check Out Our Latest Analysis on CHYM
Chime Financial Company Profile
(
Get Free Report)
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.
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