Global Advisors Ltd Dst Sells 59,630 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 59,630 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.03, for a total transaction of $2,088,838.90. Following the transaction, the insider owned 368,812 shares in the company, valued at approximately $12,919,484.36. The trade was a 13.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• 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 transaction 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 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 shares were 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 shares were 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 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 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 stock was 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.

Chime Financial Stock Up 1.0%

Shares of NASDAQ:CHYM opened at $33.00 on Friday. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of -471.36 and a beta of 0.60. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The business’s 50 day moving average is $27.73 and its 200 day moving average is $22.50.

Chime Financial (NASDAQ:CHYM) last announced its quarterly 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. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted ($7.29) EPS. As a group, equities research analysts expect that Chime Financial, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

CHYM has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. B. Riley Financial boosted their price target on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler upped their price objective on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Scotiabank increased their price objective on shares of Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Chime Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Institutional Investors Weigh In On Chime Financial

Several large investors have recently made changes to their positions in CHYM. JPMorgan Chase & Co. purchased a new position in shares of Chime Financial in the 2nd quarter worth about $693,000. Legal & General Group Plc bought a new position in Chime Financial during the second quarter valued at about $136,000. Russell Investments Group Ltd. purchased a new stake in Chime Financial during the second quarter worth about $958,000. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial during the second quarter worth about $33,000. Finally, Marshall Wace LLP bought a new stake in Chime Financial in the second quarter worth about $9,087,000.

Chime Financial Company Profile

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.