DST Global Advisors sells $39.8m of Chime Financial stock

In a noteworthy move, DST Global Advisors Ltd, a 10% shareholder and director of Chime Financial, Inc., divested a significant stake in the company's Class A Common Stock. On August 13 and August 14, 2026, the firm executed multiple transactions, disposing of around $39.8 million worth of shares, encompassing 1,237,950 shares. The sales occurred at a weighted average price of $32.1448 on August 13 and $32.1842 on August 14, with individual transaction prices oscillating between $32.00 and $32.55.

The stock's price as of the latest data is $31.45, hovering close to its 52-week high of $33.41. Following a remarkable 53% gain over the previous six months, the shares seem to be marginally overvalued according to InvestingPro analysis, landing them on a list of most overvalued stocks. The sales were facilitated through various affiliated limited partnerships, including DST Global VI, L.P., DST Investments XXI, L.P., and several others.

Despite these transactions, DST Global Advisors Ltd maintains a substantial beneficial stake in Chime Financial. Meanwhile, Chime Financial has been delivering impressive results, with a 27% revenue surge in Q2 compared to the prior year, a 20% increase in active members reaching 10.4 million, and an adjusted EBITDA margin expansion to 15%.

The company has adjusted its full-year outlook and 2026 guidance for revenue, adjusted EBITDA, and active member growth. Following the positive performance, Wolfe Research raised its price target to $32, while Morgan Stanley increased its target to $33, underscoring the growth potential in Chime's credit products and Chime Prime.

Chime Financial is also investigating the incorporation of stablecoins into its consumer banking platform, soliciting proposals from blockchain technology firms. Notably, Chime Financial's CFO, Matthew Newcomb, has departed, adding to the ongoing changes in leadership. This report has been AI-assisted and reviewed by an editor.