Chime Financial (NASDAQ:CHYM) CEO Sells $4,524,000.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) CEO Christopher Britt sold 150,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $30.16, for a total transaction of $4,524,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Performance

Shares of NASDAQ CHYM opened at $31.60 on Thursday. The company has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $20.90. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.41. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of -451.36 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($7.29) EPS. On average, analysts forecast that Chime Financial, Inc. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chime Financial

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Chime Financial in the second quarter worth $693,000. Legal & General Group Plc purchased a new position in shares of Chime Financial during the 2nd quarter valued at $136,000. Russell Investments Group Ltd. purchased a new position in shares of Chime Financial during the 2nd quarter valued at $958,000. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the 2nd quarter worth $33,000. Finally, Marshall Wace LLP bought a new position in Chime Financial in the 2nd quarter worth $9,087,000.

More Chime Financial News

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

• Positive Sentiment: Chime announced that its Chime Scholars Foundation will award $3 million in scholarships to 800 students for the 2026–2027 academic year. The program has now awarded nearly $10 million since 2022, supporting almost 1,500 students. While the initiative is not a direct earnings catalyst, it may strengthen Chime’s brand and corporate reputation. Chime Scholars Foundation Announces 2026–2027 Cohort
• Positive Sentiment: The company’s latest quarterly results remain a key support for CHYM: Chime reported earnings of $0.07 per share versus the $0.01 loss analysts expected, while revenue rose 26.8% year over year to approximately $669.8 million. The earnings beat and continued growth have helped drive a more constructive analyst outlook.
• Neutral Sentiment: Analyst targets have generally moved higher, with recent objectives ranging from $28 to $37. This implies an overall favorable view, but the wide range—and the stock’s trading level near the upper end of those estimates—suggests valuation expectations are divided.
• Negative Sentiment: Several executives sold shares under pre-arranged Rule 10b5-1 plans. CEO Christopher Britt sold 350,000 shares, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000, generating roughly $24 million in proceeds. The planned nature of the transactions reduces their bearish significance, but the combined sales may still pressure sentiment.
• Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold approximately 1.8 million shares for $58.6 million, cutting its position by about 79%. This large sale could create a supply overhang and is the most significant near-term negative signal in the filings. Chime Financial Insider Sales

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHYM. Piper Sandler upped their target price on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. B. Riley Financial upped their target price on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group lifted their price objective on Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Barclays increased their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets raised their target price on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.06.

Chime Financial Company Profile

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.