DST Global Advisors sells $109.3m in Chime Financial shares

DST Global Advisors Ltd, a substantial shareholder in Chime Financial, Inc., divested 3.2 million shares of the company's Class A Common Stock on September 14, 2026, generating a total of $109.3 million. This sale occurred in multiple transactions, with each share traded between $33.18 and $34.55. Subsequently, the stock price plummeted to $31.25, falling beneath the average selling price.

These transactions were facilitated through various limited partnerships, including DST Global VI, L.P., and DSTG VII Investments-4, L.P. Individual shares were sold at two distinct weighted average prices: $33.9712 and $34.2496. DST Global Advisors Ltd, along with Despoina Zinonos, clarified their continued beneficial ownership of these shares.

Following this insider sale, Chime Financial's stock experienced a 59% surge over the previous six months. Despite this significant rise, the company remains unprofitable, incurring a $0.05 loss per share over the past year, while revenue increased by 26%. To gain a more in-depth understanding of CHYM's valuation and performance, investors can consult the Pro Research Report, which offers comprehensive analysis for this and 1,400+ other US equities.

Chime recently announced the acquisition of Stride Bank, a move that has led several analysts to raise their price targets for the company. Notably, BMO Capital increased its target to $38, citing the transaction's potential to accelerate Chime's strategic positioning and unlock $100 million in net synergies. Piper Sandler and KeyBanc both raised their targets to $40 and $42, respectively, emphasizing the $590 million cash agreement and Chime's long-standing banking partnership with Stride.

These developments underscore analysts' confidence in Chime's future prospects following the acquisition.