Chime financial 10% owner DST Global Advisors sells $28.1 million in stock

DST Global Advisors Ltd, a 10% owner and director of Chime Financial, has sold approximately $28.1 million worth of the company's common stock over two days in August 2026. The sales were made through affiliated entities and occurred at weighted average prices between $32.50 and $33.62 per share. This comes as Chime Financial stock has reached near its 52-week high of $33.74, following a substantial 55% increase over the past six months.

The stock is currently considered overvalued by AI analysis, with 7 ProTips provided for investors. After the transactions, DST Global Advisors indirectly owns 42.53 million shares of Chime Financial Class A Common Stock through various limited partnerships. Chime Financial reported a strong second-quarter revenue increase of 27% and a 20% rise in active members, totaling 10.4 million.

The company raised its full-year outlook and received positive ratings from Wolfe Research and Morgan Stanley, attributing their decisions to user growth and profitability. Chime Financial is also exploring the integration of stablecoins into its banking platform. CFO Matthew Newcomb has announced his departure as part of the company's leadership changes.