Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 383,031 shares of the firm'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 directly owned 402,081 shares in the company, valued at approximately $13,276,714.62. The trade was a 48.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 value 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 value 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 value 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 value 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 shares were 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 shares were sold at an average price of $32.62, for a total value of $58,591,913.52.
Chime Financial Trading Down 0.2%
Shares of NASDAQ:CHYM opened at $32.70 on Tuesday. The stock has a market cap of $12.38 billion, a PE ratio of -467.08 and a beta of 0.30. The stock's fifty day simple moving average is $23.69 and its two-hundred day simple moving average is $21.29. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $33.74.
Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm had revenue of $669.77 million during the quarter. During the same quarter in the previous year, the company earned ($7.29) EPS. The business's revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts forecast that Chime Financial, Inc. will post 0.41 earnings per share 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 company. Aspect Management LLC bought a new position in Chime Financial during the fourth quarter valued at approximately $300,361,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chime Financial in the 4th quarter worth approximately $129,091,000. Orland Properties Ltd purchased a new stake in shares of Chime Financial in the 2nd quarter valued at $159,093,000. Scge Management L.P. purchased a new stake in shares of Chime Financial in the 2nd quarter valued at $152,563,000. Finally, California State Teachers Retirement System bought a new position in shares of Chime Financial during the 2nd quarter valued at $59,367,000.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on CHYM shares. Piper Sandler lifted their target price on Chime Financial from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. UBS Group increased their target price on Chime Financial from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Wells Fargo & Company raised their price objective on shares of Chime Financial from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Freedom Capital upgraded Chime Financial to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised shares of Chime Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chime Financial currently has a consensus rating of "Moderate Buy" and an average price target of $31.39.
Read Our Latest Research Report on Chime Financial
About Chime Financial
(
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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