ArrowMark Colorado Holdings LLC Has $735,000 Holdings in Chime Financial, Inc. $CHYM

ArrowMark Colorado Holdings LLC lessened its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 81.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,450 shares of the company’s stock after selling 163,550 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Chime Financial were worth $735,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial during the second quarter worth approximately $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial in the 2nd quarter valued at approximately $34,000. Daiwa Securities Group Inc. acquired a new position in Chime Financial in the 2nd quarter valued at approximately $40,000. Osaic Holdings Inc. purchased a new stake in Chime Financial in the 2nd quarter worth approximately $45,000. Finally, Farther Finance Advisors LLC purchased a new stake in Chime Financial in the 3rd quarter worth approximately $50,000.

Insider Activity at Chime Financial

In related news, General Counsel Adam B. Frankel sold 4,382 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $27.29, for a total value of $119,584.78. Following the completion of the sale, the general counsel directly owned 209,500 shares in the company, valued at approximately $5,717,255. The trade was a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew S. Newcomb sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the sale, the chief financial officer directly owned 2,240,798 shares of the company’s stock, valued at $62,764,751.98. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 64,882 shares of company stock valued at $1,816,685.

Chime Financial Price Performance

Chime Financial stock opened at $20.35 on Tuesday. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The company’s fifty day moving average price is $23.41 and its two-hundred day moving average price is $22.53. The company has a market capitalization of $7.82 billion and a price-to-earnings ratio of -2.69.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.08. The company had revenue of $596.36 million during the quarter. Chime Financial had a negative return on equity of 70.90% and a negative net margin of 46.18%.Chime Financial’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) EPS.

Analyst Upgrades and Downgrades

CHYM has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. KeyCorp initiated coverage on Chime Financial in a report on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price objective for the company. B. Riley Financial assumed coverage on Chime Financial in a research report on Thursday, December 11th. They set a “buy” rating and a $35.00 price objective for the company. Rothschild & Co Redburn upgraded Chime Financial to a “hold” rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised Chime Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.28.

About Chime Financial

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.