DST Global Advisors Ltd and affiliated funds sold approximately $28.1 million worth of Chime Financial Class A Common Stock in open-market transactions on August 20 and August 21, according to regulatory filings.
The sales were executed at weighted average prices ranging from $32.99 to $33.54 on August 20 and a weighted average of $32.71 on August 21, with individual trades spanning $32.50 to $33.62. The disposing entities—DST Global VI, L.P., DST Investments XXI, L.P., and related funds—retained an indirect holding of 42.5 million shares following the disposition.
Chime Financial’s stock has risen 55% over the past six months, trading near its 52-week high of $33.74. The company reported a 27% year-over-year increase in second-quarter revenue and a 20% rise in active members to 10.4 million, while adjusted EBITDA margin expanded to 15%. Analysts at Wolfe Research and Morgan Stanley raised their price targets to $32 and $33, respectively, citing accelerating user growth and improving profitability from credit products and the Chime Prime offering.
Chime is also exploring stablecoin integration into its consumer banking platform, issuing a request for proposals to blockchain technology providers for stablecoin wallet services.
The transactions follow a period of strong performance for Chime, which has seen its valuation supported by robust member growth and expanding margins, though InvestingPro analysis indicates the stock appears overvalued relative to its fair value estimate.
