Chime Financial (NASDAQ:CHYM) Major Shareholder Sells 473,694 Shares

by · The Cerbat Gem

Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 473,694 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $32.71, for a total value of $15,494,530.74. Following the completion of the transaction, the insider directly owned 397,652 shares of the company’s stock, valued at approximately $13,007,196.92. This trade represents a 54.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 stock was 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 shares were 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 stock was 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 stock was sold at an average price of $32.11, for a total transaction of $33,372,019.33.
  • On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The stock was sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Price Performance

CHYM traded down $0.08 during trading hours on Monday, reaching $32.70. 8,290,631 shares of the company’s stock traded hands, compared to its average volume of 9,854,598. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $33.74. The firm has a 50-day moving average price of $23.69 and a 200 day moving average price of $21.29.

Chime Financial (NASDAQ:CHYM – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($7.29) earnings per share. As a group, sell-side analysts anticipate that Chime Financial, Inc. will post 0.41 EPS for the current year.

Institutional Trading of Chime Financial

Several large investors have recently bought and sold shares of CHYM. AMS Capital Ltda purchased a new position in Chime Financial during the 1st quarter worth approximately $3,439,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Chime Financial in the 4th quarter valued at $1,274,000. Davis Selected Advisers increased its stake in shares of Chime Financial by 3.0% in the fourth quarter. Davis Selected Advisers now owns 2,472,106 shares of the company’s stock worth $62,223,000 after acquiring an additional 72,940 shares during the period. Finally, Brown University increased its stake in shares of Chime Financial by 99.0% in the first quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after acquiring an additional 101,820 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHYM. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Barclays raised their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. B. Riley Financial lifted 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. Weiss Ratings lowered Chime Financial from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Finally, Canaccord Genuity Group raised their price objective on Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.39.

Read Our Latest Stock Report on Chime Financial

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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