DST Global Advisors has sold approximately $39.8 million worth of Chime Financial Class A Common Stock. The transactions occurred over two days, August 13 and 14, 2026, with a total of 1,237,950 shares sold at weighted average prices ranging from $32.1448 to $32.1842 per share.
The sales come as Chime's stock traded near its 52-week high of $33.41, following a strong 53% gain over the past six months. Chime Financial recently reported a 27% increase in second-quarter revenue and a 20% rise in active members, reaching 10.4 million.
Recent Developments
Chime has lifted its 2026 guidance for revenue, adjusted EBITDA, and active member growth following its robust quarterly performance. The company is also exploring the integration of stablecoins into its consumer banking platform and has solicited proposals from blockchain technology firms for stablecoin wallet services.
The stock sales by DST Global Advisors were made indirectly through various entities, including DST Global VI, L.P. and DST Global VII, L.P. Chime Financial's adjusted EBITDA margin expanded to 15%, leading the company to raise its full-year outlook. Wolfe Research and Morgan Stanley have raised their price targets for Chime Financial to $32 and $33, respectively, citing accelerating user growth and profitability.