Dave Inc. promotes Kyle Beilman to CFO and COO, recognizing his significant contributions to financial success and operational efficiency.
Quiver AI Summary
Dave Inc., a prominent neobank, has promoted Kyle Beilman to the positions of Chief Financial Officer and Chief Operating Officer, effective July 11, 2025. Beilman has significantly contributed to the company's financial success and operational efficiency since joining, and his new dual role reflects his extensive influence across the organization. CEO Jason Wilk emphasized Beilman's impact on the company's growth and innovation. Dave is known for leveraging technology to provide affordable banking services to millions of Americans. For more details, visit their website or their investor relations page.
Potential Positives
- Kyle Beilman has been promoted to Chief Financial Officer and Chief Operating Officer, indicating the company values internal talent and leadership development.
- The promotion is a recognition of Kyle's significant contributions to financial success, profitability, and operational efficiency, suggesting the company is on a positive trajectory.
- This expanded role for Kyle can foster innovation and operational excellence, which may lead to sustainable growth for the company.
- The announcement reflects confidence in the leadership team and may boost investor and market confidence in the company's future prospects.
Potential Negatives
- Promotion of Kyle Beilman to dual roles of CFO and COO may raise concerns about excessive concentration of power and responsibility, potentially leading to governance issues.
- While the press release emphasizes Beilman's positive contributions, it lacks transparency regarding the company's performance metrics or challenges that led to the leadership change.
- Failure to provide specific details about the company's financial performance and future outlook could indicate underlying issues that investors might find concerning.
FAQ
Who is the newly appointed CFO and COO of Dave?
Kyle Beilman has been promoted to Chief Financial Officer and Chief Operating Officer of Dave, effective July 11, 2025.
What are Kyle Beilman's contributions to Dave?
Kyle Beilman has driven financial success, profitability, and operational efficiency since joining the Company.
What does Kyle Beilman's expanded role reflect?
His new title reflects his broad impact and commitment to innovation, operational excellence, and sustainable growth at Dave.
Who commented on Kyle Beilman's promotion?
Jason Wilk, Founder and CEO of Dave, praised Kyle's leadership and strategic insight as key to the company's success.
What services does Dave offer as a neobank?
Dave provides innovative banking services leveraging disruptive technologies, serving millions of everyday Americans at competitive prices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DAVE Insider Trading Activity
$DAVE insiders have traded $DAVE stock on the open market 111 times in the past 6 months. Of those trades, 0 have been purchases and 111 have been sales.
Here’s a breakdown of recent trading of $DAVE stock by insiders over the last 6 months:
- JASON WILK (Chief Executive Officer) has made 0 purchases and 24 sales selling 180,181 shares for an estimated $38,134,827.
- IMRAN KHAN has made 0 purchases and 46 sales selling 100,000 shares for an estimated $21,227,226.
- KYLE BEILMAN (CFO and Secretary) has made 0 purchases and 17 sales selling 35,372 shares for an estimated $7,455,098.
- MICHAEL W POPE has made 0 purchases and 16 sales selling 16,793 shares for an estimated $3,613,457.
- YADIN ROZOV has made 0 purchases and 2 sales selling 5,500 shares for an estimated $1,138,147.
- ANDREA MITCHELL has made 0 purchases and 5 sales selling 2,361 shares for an estimated $543,263.
- DAN PRESTON sold 2,361 shares for an estimated $491,017
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DAVE Hedge Fund Activity
We have seen 104 institutional investors add shares of $DAVE stock to their portfolio, and 69 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIVISADERO STREET CAPITAL MANAGEMENT, LP added 425,461 shares (+74.7%) to their portfolio in Q1 2025, for an estimated $35,168,606
- INVESCO LTD. removed 345,610 shares (-98.9%) from their portfolio in Q1 2025, for an estimated $28,568,122
- AMERICAN CENTURY COMPANIES INC added 328,644 shares (+3033.2%) to their portfolio in Q1 2025, for an estimated $27,165,713
- D. E. SHAW & CO., INC. removed 200,197 shares (-70.0%) from their portfolio in Q1 2025, for an estimated $16,548,284
- MARSHALL WACE, LLP removed 170,826 shares (-62.1%) from their portfolio in Q1 2025, for an estimated $14,120,477
- CITADEL ADVISORS LLC added 151,584 shares (+346.9%) to their portfolio in Q1 2025, for an estimated $12,529,933
- TWO SIGMA INVESTMENTS, LP removed 126,691 shares (-90.1%) from their portfolio in Q1 2025, for an estimated $10,472,278
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DAVE Analyst Ratings
Wall Street analysts have issued reports on $DAVE in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 06/30/2025
- Barrington Research issued a "Outperform" rating on 06/12/2025
- B. Riley Securities issued a "Buy" rating on 05/27/2025
- JMP Securities issued a "Market Outperform" rating on 05/09/2025
- Lake Street issued a "Buy" rating on 05/09/2025
- Canaccord Genuity issued a "Buy" rating on 05/09/2025
To track analyst ratings and price targets for $DAVE, check out Quiver Quantitative's $DAVE forecast page.
$DAVE Price Targets
Multiple analysts have issued price targets for $DAVE recently. We have seen 6 analysts offer price targets for $DAVE in the last 6 months, with a median target of $244.5.
Here are some recent targets:
- Mark Palmer from Benchmark set a target price of $320.0 on 07/14/2025
- Devin Ryan from JMP Securities set a target price of $260.0 on 07/14/2025
- Gary Prestopino from Barrington Research set a target price of $250.0 on 06/12/2025
- Hal Goetsch from B. Riley Securities set a target price of $239.0 on 05/27/2025
- Jacob Stephan from Lake Street set a target price of $177.0 on 05/09/2025
- Joseph Vafi from Canaccord Genuity set a target price of $179.0 on 05/09/2025
Full Release
Los Angeles, CA, July 14, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced the promotion of Kyle Beilman to Chief Financial Officer and Chief Operating Officer, effective as of July 11, 2025.
Since joining Dave, Kyle has played a pivotal role in driving the Company’s financial success, profitability, and operational efficiency. In addition to overseeing financial strategy, he has consistently taken on responsibilities that extend well beyond the traditional CFO scope. His expanded title as CFO and COO reflects his broad impact across the organization and his commitment to fostering innovation, operational excellence, and sustainable growth.
“Kyle has been a driving force behind our company’s continued success,” said Jason Wilk, Founder and CEO of Dave. “His leadership, strategic insight, and dedication have made a significant impact across multiple departments, which this expanded title now recognizes.”
About Dave
Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the Company, visit: www.dave.com . For investor information and updates, visit: investors.dave.com and follow @ davebanking on X.
