Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 1,319,027 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $31.13, for a total value of $41,061,310.51. Following the completion of the transaction, the insider directly owned 324,365 shares in the company, valued at $10,097,482.45. The trade was a 80.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Global Advisors Ltd Dst also recently made the following trade(s):
- On Thursday, November 5th, Global Advisors Ltd Dst sold 10,740 shares of Chime Financial stock. The stock was sold at an average price of $32.10, for a total value of $344,754.00.
- On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The shares were sold at an average price of $33.99, for a total transaction of $109,318,264.11.
- On Friday, September 11th, Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock. The stock was sold at an average price of $33.07, for a total transaction of $6,862,454.91.
- On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The shares were sold at an average price of $35.03, for a total transaction of $2,088,838.90.
- On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total value of $38,612,757.68.
- On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total value 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 value 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 value of $15,494,530.74.
- On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total value 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 value of $145,538,087.62.
Chime Financial Stock Performance
Shares of NASDAQ CHYM traded up $1.20 during mid-day trading on Monday, reaching $32.53. The company had a trading volume of 7,852,250 shares, compared to its average volume of 3,494,999. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $35.55. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 129.87 and a beta of 0.74. The business’s 50-day simple moving average is $29.92 and its 200 day simple moving average is $23.93.
Chime Financial (NASDAQ:CHYM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Chime Financial had a net margin of 3.05% and a return on equity of 6.87%. The business had revenue of $718.00 million during the quarter. During the same period in the prior year, the company earned ($0.15) EPS. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chime Financial, Inc. will post 0.47 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings upgraded Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Piper Sandler raised their target price on Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Canaccord Genuity Group lifted their price target on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Finally, Scotiabank boosted their price target on Chime Financial from $42.00 to $44.00 and gave the stock a “sector outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chime Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.47.
Get Our Latest Stock Report on CHYM
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CHYM. Spyglass Capital Management LLC boosted its holdings in shares of Chime Financial by 162.6% during 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after purchasing an additional 2,658,816 shares during the last quarter. Lunate Capital Ltd bought a new position in Chime Financial in the third quarter valued at about $48,212,000. Light Street Capital Management LLC boosted its stake in shares of Chime Financial by 5.8% during the second 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 in the last quarter. Finally, Atreides Management LP boosted its stake in shares of Chime Financial by 7.9% during the first quarter. Atreides Management LP now owns 1,622,734 shares of the company’s stock valued at $30,394,000 after purchasing an additional 118,946 shares in the last quarter.
About Chime Financial
Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.
Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.
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