Chime Financial's General Counsel Adam Frankel Sells Shares
Adam Frankel sold 3,000 shares of Chime Financial on June 15, 2026.
Key Points
- Adam Frankel, General Counsel of Chime Financial, sold 3,000 shares on June 15, 2026, at an average price of $17.50, totaling $52,500.
- Chime Financial, Inc. has a market cap of about $6.72 billion, with a forward P/E of 15.3 and a 52-week high of $38.67.
- Analysts have set a mean price target of $30.61 for Chime, with firms like Canaccord Genuity maintaining a 'buy' rating.
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On June 15, 2026, Adam Frankel, the General Counsel of Chime Financial, Inc. (NasdaqGS: CHYM), sold 3,000 shares of the company. The transaction was valued at $52,500, with an average selling price of $17.50 per share. This insider sale was not part of a pre-arranged trading plan.
Insider Buying and Selling at Chime Financial, Inc.
Adam Frankel's recent activity included selling another batch of 3,000 shares on June 9, 2026, at $18.00 each. Meanwhile, other insiders like Shawn Carolan and Susan Decker acquired 10,753 shares each on June 2, 2026, though the price for these purchases wasn't disclosed.
Other Institutional Activity in Chime Financial
Several institutional investors have adjusted their positions in Chime Financial. Crosslink Capital Inc. reduced its holdings by 1,029,973 shares, ending with 26,185,368 shares valued at approximately $490.5 million. Tiger Global Management LLC also cut its stake by 3,110,719 shares, now holding 11,081,780 shares worth about $207.6 million. Menlo Ventures Management, L.P. notably added 17,442,713 shares, bringing its total to the same number, valued at around $326.7 million.
Chime Financial, Inc. Stock Down 48.6%
Shares of Chime Financial, Inc. currently trade near $17.64. The company boasts a market capitalization of approximately $6.72 billion and a forward P/E ratio of 15.3. Chime's stock has fluctuated between a 52-week low of $15.88 and a high of $38.67. Its 50-day moving average is $19.67, while the 200-day moving average stands at $21.53.
Recent Earnings
Chime Financial reported revenue of about $2.32 billion, with a revenue growth rate of 24.8%. However, the company is not yet profitable, as indicated by its negative net margin of 41.9% and a return on equity of -80.0%. The next earnings report is expected on August 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
1 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 276.8%. Revenue met estimates.
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Profit surprise
EBITDA missed by 35 percent. Operating income beat by 37 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise.
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Earnings quality
Gross margin down 0.5 points. Operating margin up 5.4 points.
Earnings Call Summary
Chime grew active members to 10.2 million, adding nearly 700,000 in Q1. Revenue hit $647 million, up 25 percent year over year, and they turned GAAP profitable with $53 million net income. The company launched Chime Prime, a premium tier with 5 percent cash back, and expects it to drive higher spending and retention. Transaction profit jumped 41 percent to $491 million, driven by strong member growth, higher ARPAM to $263, and improved margins to 76 percent from improved credit mix and MyPay scaling.
Guidance Chime raised full year guidance to $2.66 billion to $2.69 billion revenue, up 22 percent to 23 percent. They expect $416 million to $431 million adjusted EBITDA with 16 percent margin. In Q2, they guide $633 million to $643 million revenue with 20 percent to 22 percent growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Analysts Set New Price Targets
Analysts are optimistic about Chime Financial's prospects. On May 11, 2026, Canaccord Genuity maintained a 'buy' rating with a price target of $40.00. Wells Fargo also maintained a 'buy' rating on May 7, 2026, with a target of $28.00. The consensus among 18 analysts is a 'buy' rating, with a mean price target of $30.61.
About Chime Financial, Inc.
Chime Financial, Inc., headquartered in San Francisco, California, is a financial technology company that offers digital banking and payment solutions. It provides various products like checking accounts, debit cards, and credit-building tools. The company, led by CEO Christopher R. Britt, employs around 1,519 people. Chime focuses on delivering a fee-free mobile banking experience and offers services such as SpotMe for overdraft protection and Chime Plus for enhanced features.
Bottom Line
Adam Frankel's sale of Chime Financial shares is part of the ongoing insider activity at the company. Investors and analysts closely watch such moves for insights into the company's future. Chime's stock performance and analyst ratings reflect its potential in the fintech industry, despite current profitability challenges. As always, remember that insider trades are reported after the fact and may not indicate future stock performance.
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