Dave Appoints Gopi Kuchimanchi as CTO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17 hours ago
0mins
Dave announced the appointment of Gopi Kuchimanchi as CTO, effective immediately. Gopi brings financial technology, software and AI experience from senior roles at Happen Bank and Flexport. He joined Dave in 2021, becoming VP of Technology in 2023. He will continue to report directly to Dave's founder and CEO, Jason Wilk.
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Analyst Views on DAVE
Wall Street analysts forecast DAVE stock price to fall
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 396.000
Low
250.00
Averages
312.50
High
347.00
Current: 396.000
Low
250.00
Averages
312.50
High
347.00
About DAVE
Dave Inc. is a neobank, providing a mobile-first financial services platform designed to help people manage their money. The Company offers access to short-term liquidity, fee-free banking, and financial management tools. Its platform and products include ExtraCash and Dave Checking. ExtraCash is its flagship overdraft product, offered through its bank partners, that provides its members with credit in the form of a discretionary overdraft to bridge liquidity gaps between paychecks. Dave Checking is a digital demand deposit account offered through its bank partners with no account minimums or corresponding fees, and Federal Deposit Insurance Corporation (FDIC) pass-through insurance. Its members can open a Dave Checking account through its mobile application, add funds, and begin spending using a virtual or physical Dave branded debit Mastercard (Dave Debit Card). Its personal financial management products include Budget, Side Hustle, and Goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Growth: The company reported revenues of $510 million in 2025, indicating a strengthening market position in AI computing hardware and cloud services, despite facing intense competition and macroeconomic uncertainties.
- Strategic Collaboration: The partnership with Amazon Web Services (AWS) to deliver ultra-fast AI inference solutions combines AWS Trainium servers with Cerebras CS-3 systems, aiming to optimize performance for generative AI and large language models, which could enhance revenue streams.
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- Historical Transaction Comparison: The 4,122-share sale falls within Beilman's historical range, with an average sell size of 15,387 shares, suggesting this transaction aligns with established patterns and does not indicate a change in strategy.
- Ownership Percentage Impact: This transaction reduced Beilman's direct holdings by approximately 2.06%, reflecting a gradual decline in his ownership capacity, with total direct holdings decreasing by 29.27% since September of the previous year.
- Company Financial Performance: Dave Inc. reported a trailing revenue of $604.62 million and a net income of $224.99 million, showcasing strong growth, with a stock price increase of 27.6% over the past year, although its price-to-sales ratio of 6.9x indicates some valuation pressure.
See More
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- Team Effort Recognition: Founder and CEO Jason Wilk stated that this milestone reflects the hard work of the team and the trust placed in the company by its members, further reinforcing confidence in Dave's growth algorithm and future potential.
- Innovative Financial Products: As a leading U.S. neobank, Dave focuses on pioneering innovative credit products for everyday Americans, and joining the SmallCap index is likely to attract more investor attention to its unique market positioning and product advantages.
- Strengthened Investor Relations: The company actively engages with investors through its investor relations website and social media platforms, and this index inclusion is expected to enhance interaction with investors, fostering a better understanding and support for its long-term strategy.
See More
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- S&P 500 Changes: FedEx Freight Holding will replace EPAM Systems in the S&P 500 effective June 2, following a spin-off transaction expected to complete on June 1, ensuring FedEx remains in the index and solidifying its market position.
- SmallCap 600 Adjustments: EPAM Systems will take the place of Shutterstock in the S&P SmallCap 600, reflecting the dynamic shifts in the small-cap market and potentially impacting investor confidence in the index.
- Acquisition Activity: Shutterstock is anticipated to be acquired, a transaction that could affect its market performance, prompting investors to monitor the potential impact on its stock price.
- Dave Inc. Listing: Dave Inc. will replace American Woodmark Corp. in the S&P SmallCap 600 prior to June 1, indicating the vibrancy of the small-cap market and its appeal to emerging companies, potentially offering new investment opportunities for investors.
See More
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