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DST Global Advisors sells $156.9 million in Chime Financial stock

DST Global Advisors sells $156.9 million in Chime Financial stock

DST Global Advisors Ltd, a major shareholder of Chime Financial, recently sold a significant amount of the company's Class A Common Stock. On August 18 and 19, 2026, the firm disposed of approximately 4,809,929 shares of Chime stock, totaling around $156.9 million. The sales occurred at prices between $32.00 and $33.38 per share, as the stock approached its 52-week high of $33.74 following a 52.7% increase over six months.

The transactions were conducted indirectly through multiple limited partnerships, with DST Global Advisors Ltd identified as the reporting entity. The sales were spread out, with the majority of shares sold at prices closer to the lower end of the range, with a few higher-priced transactions. Chime's stock price has been on a strong upward trajectory, and an analysis by InvestingPro suggests the stock may be slightly overvalued at its current level.

Despite this, Chime has reported impressive financial results, including a 27% revenue increase in the second quarter and a higher adjusted EBITDA margin. These positive developments have led several investment firms to raise their price targets for Chime Financial.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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