DST Global Advisors sells $6.86m in Chime Financial stock

DST Global Advisors, a significant investor in Chime Financial, sold a substantial portion of its shares on September 11, 2026. The transaction involved the sale of 207,513 shares at a price range of $33.00 to $33.1986, generating approximately $6.86 million. This sale occurred as Chime Financial's stock experienced a 65% increase over the past six months and a 34% gain year-to-date, nearing a 52-week high of $35.55.

Despite this positive trend, analysts suggest the stock may be overvalued. Following the sale, the affiliated entities of DST Global Advisors now collectively hold 34,235,882 shares of Chime Financial Class A Common Stock. The acquisition of Stride Bank for $590 million by Chime Financial has also garnered attention, with various investment firms adjusting their price targets accordingly, reflecting optimism about the company's future prospects.