A major shareholder of Chime Financial Inc. (NASDAQ: CHYM) sold approximately $28.1 million in Class A common stock over August 20 and 21, according to regulatory filings.
DST Global Advisors Ltd., a shareholder and director holding roughly 10% of the company, executed the transactions at weighted average prices ranging from $32.71 to $33.54 per share. On August 20, shares were sold in blocks priced between $32.50 and $33.62, while August 21 sales occurred at an average of $32.71 per share, with individual prices between $32.50 and $32.91. Following the disposals, DST Global retains an indirect holding of 42.5 million Class A shares.
Chime Financial’s stock has climbed 55% over the past six months and is trading near its 52-week high of $33.74. The company reported a 27% year-over-year revenue increase and a 20% rise in active members to 10.4 million in the second quarter, alongside a 15% adjusted EBITDA margin. Analysts at Wolfe Research and Morgan Stanley recently raised their price targets on the stock to $32 and $33, respectively, both maintaining outperform ratings.
Separately, Chime Financial is evaluating the integration of stablecoins into its consumer banking platform and has solicited proposals from blockchain technology providers. The company also revised fiscal 2026 guidance upward. Chief Financial Officer Matthew Newcomb announced plans to depart the company.
