Chime Financial (NASDAQ:CHYM) Director Sells $3,252,186.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) Director James Feuille sold 95,400 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $34.09, for a total value of $3,252,186.00. Following the sale, the director owned 6,751,507 shares in the company, valued at $230,158,873.63. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

• Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model

James Feuille also recently made the following trade(s):

• On Wednesday, September 16th, James Feuille sold 256,837 shares of Chime Financial stock. The shares were sold at an average price of $32.33, for a total value of $8,303,540.21.
• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The shares were sold at an average price of $32.94, for a total value of $8,511,630.12.
• On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The stock was sold at an average price of $33.15, for a total value of $3,099,259.80.

Chime Financial Stock Down 7.0%

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NASDAQ:CHYM opened at $31.25 on Thursday. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $35.55. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of -446.36 and a beta of 0.60. The stock's 50 day moving average price is $28.44 and its two-hundred day moving average price is $22.76.

• Bancorp’s Fintech Comeback Gains Momentum

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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 company had revenue of $669.77 million during the quarter. During the same period in the previous year, the company posted ($7.29) EPS. The company's quarterly revenue was up 26.8% compared to the same quarter last year. As a group, analysts anticipate that Chime Financial, Inc. will post 0.44 earnings per share for the current year.

Key Stories Impacting Chime Financial

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

• Positive Sentiment: Analysts remain bullish: Goldman Sachs raised its price target to $37 and maintained a “Buy” rating. B. Riley lifted its target to $44, while Rothschild & Co Redburn upgraded CHYM to “Buy” with a $46 target. These calls indicate continued confidence in Chime’s growth outlook. B. Riley raises Chime price target Rothschild upgrades Chime
• Positive Sentiment: Bank acquisition offers strategic upside: Chime agreed to acquire Central Service Corporation, the parent of Stride Bank, for $590 million in cash. Pending regulatory approvals, the transaction would allow Stride to become Chime Bank, N.A., giving Chime greater control over its banking infrastructure and potentially improving long-term economics. Chime bank acquisition analysis
• Positive Sentiment: Operating momentum remains favorable: Chime’s latest results showed revenue growth of 26.8% year over year, 10.4 million active members and a second consecutive quarter of GAAP profitability. The company also raised its full-year outlook.
• Neutral Sentiment: New York expansion: Chime opened a new office in New York, supporting its corporate and hiring footprint, although the announcement is unlikely to materially change near-term earnings expectations. Chime opens New York office
• Negative Sentiment: Heavy insider selling is a sentiment headwind: General Counsel Adam Frankel sold 102,002 shares for about $3.4 million, and Director James Feuille sold 352,237 shares worth roughly $11.6 million across two transactions. A major shareholder also sold 207,513 shares for approximately $6.9 million. Recent disclosures show numerous insider sales and no reported open-market purchases over the past six months. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, but the volume may still reinforce profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Acquisition risks are being reassessed: Investors are weighing regulatory approval, integration costs and capital requirements associated with the Stride transaction. After the recent run-up, these uncertainties have contributed to increased volatility and pressure on CHYM.

Institutional Inflows and Outflows

• Block’s Pivot to Profits and AI Is Turning Heads

A number of institutional investors and hedge funds have recently bought and sold shares of CHYM. Spyglass Capital Management LLC raised its holdings in 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 increased its stake 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 purchasing an additional 2,658,816 shares during the period. Ieq Capital LLC acquired a new stake in Chime Financial during the 4th quarter worth approximately $58,214,000. Light Street Capital Management LLC boosted its stake in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company's stock valued at $45,037,000 after purchasing an additional 121,474 shares during the period. Finally, Owls Nest Partners IA LLC bought a new stake in Chime Financial in the 4th quarter valued at $47,065,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Freedom Capital upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Barclays lifted their price target on Chime Financial from $33.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, September 9th. UBS Group raised their price objective on Chime Financial from $28.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, September 9th. Finally, Rothschild & Co Redburn upgraded Chime Financial from a "hold" rating to a "buy" rating and set a $46.00 target price for the company in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $36.40.

Read Our Latest Research Report on CHYM

Chime Financial Company Profile

(Get Free Report)

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company's products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.

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