Chime gains after Stride Bank acquisition deal and higher 2026 outlook

Chime Financial (CHYM) is up 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is Chime’s announcement on September 8, 2026 that it agreed to acquire Stride Bank’s parent for $590 million in cash while also lifting its third-quarter and full-year 2026 guidance. Investors appear to be responding to both the stronger near-term outlook and the strategic value of bringing a key banking partner in-house.

Details:

Chime disclosed a definitive agreement to buy Central Service Corporation, the parent of Stride Bank, in a transaction valued at $590 million, subject to customary adjustments.

The company said Stride Bank has been its banking partner for more than seven years, and that the deal would give Chime a faster path to deeper vertical integration.

Chime raised third-quarter guidance to about $705 million in revenue and adjusted EBITDA of $117 million to $120 million.

For full-year 2026, Chime lifted its outlook to roughly $2.76 billion to $2.77 billion in revenue and said the acquisition is expected to be immediately accretive to EPS, with more than $100 million in net synergies.

Sources:

Chime Financial, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CHYM Insider Trading Activity

$CHYM insiders have traded $CHYM stock on the open market 243 times in the past 6 months. Of those trades, 0 have been purchases and 243 have been sales.

Here’s a breakdown of recent trading of $CHYM stock by insiders over the last 6 months:

GLOBAL ADVISORS LTD DST has made 0 purchases and 224 sales selling 25,533,580 shares for an estimated $833,865,776.
CHRISTOPHER R BRITT (Chief Executive Officer) has made 0 purchases and 10 sales selling 850,000 shares for an estimated $26,271,578.
RYAN A KING (Co-Founder) has made 0 purchases and 3 sales selling 375,000 shares for an estimated $11,350,245.
MATTHEW S NEWCOMB (Chief Financial Officer) has made 0 purchases and 2 sales selling 65,000 shares for an estimated $1,961,000.
AMINE ASMEROM (Chief Accounting Officer) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $550,000.
ADAM B FRANKEL (General Counsel) has made 0 purchases and 2 sales selling 6,000 shares for an estimated $106,500.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CHYM Hedge Fund Activity

We have seen 178 institutional investors add shares of $CHYM stock to their portfolio, and 122 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ICONIQ CAPITAL, LLC removed 11,064,137 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $226,593,525
COATUE MANAGEMENT LLC removed 10,071,992 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $206,274,396
BLACKROCK, INC. added 9,819,060 shares (+688.9%) to their portfolio in Q2 2026, for an estimated $201,094,348
TIGER GLOBAL MANAGEMENT LLC removed 8,908,454 shares (-62.8%) from their portfolio in Q2 2026, for an estimated $182,445,137
POINT72 ASSET MANAGEMENT, L.P. removed 4,586,956 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $85,913,685
SCGE MANAGEMENT, L.P. removed 4,181,827 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $85,643,816
CITADEL ADVISORS LLC removed 3,709,869 shares (-55.9%) from their portfolio in Q1 2026, for an estimated $69,485,846

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CHYM Price Targets

Multiple analysts have issued price targets for $CHYM recently. We have seen 5 analysts offer price targets for $CHYM in the last 6 months, with a median target of $28.0.

Here are some recent targets:

Nik Cremo from Barclays set a target price of $26.0 on 07/08/2026
Joseph Vafi from Canaccord Genuity set a target price of $40.0 on 05/11/2026
Cassie Chan from Wells Fargo set a target price of $28.0 on 05/07/2026
Andrew Bauch from BMO Capital set a target price of $30.0 on 04/22/2026
Giuliano Bologna from Compass Point set a target price of $27.0 on 04/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.