Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $33.04, for a total transaction of $38,612,757.68. Following the completion of the sale, the insider owned 369,370 shares of the company's stock, valued at approximately $12,203,984.80. This trade represents a 75.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 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 stock was 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 stock was 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 shares were sold at an average price of $32.66, for a total transaction 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 transaction of $11,396,284.52.
- On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was 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 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 shares were sold at an average price of $32.11, for a total value of $33,372,019.33.
Chime Financial Stock Down 0.5%
NASDAQ:CHYM opened at $33.20 on Friday. The business's 50 day moving average is $24.97 and its two-hundred day moving average is $21.62. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $34.16. The company has a market cap of $12.57 billion, a PE ratio of -474.22 and a beta of 0.31.
Chime Financial (NASDAQ:CHYM - Get Free Report) last issued 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 during the quarter. During the same quarter last year, the firm posted ($7.29) earnings per share. Chime Financial's revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts expect that Chime Financial, Inc. will post 0.41 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have weighed in on CHYM. Morgan Stanley boosted their target price on shares of Chime Financial from $33.00 to $39.00 and gave the company an "overweight" rating in a research note on Tuesday, August 18th. UBS Group raised their price target on shares of Chime Financial from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Chime Financial from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 20th. B. Riley Financial increased their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Freedom Capital upgraded Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.33.
Get Our Latest Stock Report on Chime Financial
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial during the second quarter valued at about $34,000. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial during the fourth quarter valued at about $25,000. Daiwa Securities Group Inc. acquired a new stake in Chime Financial in the second quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company's stock worth $37,000 after purchasing an additional 1,276 shares during the period.
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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