DST Global Advisors sells $38.6 million of Chime Financial shares

DST Global Advisors Ltd., a significant shareholder and director of Chime Financial, Inc. (NASDAQ:CHYM), reported the sale of 1,168,667 shares of Class A Common Stock on August 26, 2026. The transactions, totaling approximately $38.6 million, occurred at prices ranging from $33.00 to $33.56 per share. The sale comes as Chime trades near its 52-week high of $34.16, following a strong 50% return over the past six months. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, which may have influenced the timing of this insider transaction.

The shares were disposed of indirectly through several limited partnerships, including DST Global VI, L.P., DST Investments XXI, L.P., DSTG VI Investments, L.P., DSTG VI Investments-A, L.P., DST Global VII, L.P., DSTG VII Investments-1, L.P., and DSTG VII Investments-4, L.P.

DST Global Advisors Ltd. is identified as a 10% owner and director of Chime Financial. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest. For deeper insights into Chime’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, Chime Financial reported a 27% increase in second-quarter revenue compared to the previous year, with active members rising by 20% to 10.4 million. The company’s adjusted EBITDA margin expanded to 15%, leading Chime to raise its full-year outlook. Following these results, Wolfe Research increased its price target for Chime Financial to $32, maintaining an Outperform rating, while Morgan Stanley raised its target to $33, citing growth in user numbers and profitability. Goldman Sachs noted that Chime was among the fintech companies with significant upward revisions in revenue and earnings per share estimates for the second quarter of 2026. In other developments, Chime is exploring the integration of stablecoins into its consumer banking platform, as reported by Bloomberg. This move indicates a potential shift toward incorporating new forms of digital currency into everyday transactions. Meanwhile, Chime’s CFO, Matthew Newcomb, announced his departure from the company. These developments highlight the company’s ongoing efforts to enhance its financial performance and explore innovative financial technologies.