Nima Khajehnouri joins Dave's Board, enhancing technical leadership; Imran Khan steps down. New committee roles announced too.
Quiver AI Summary
Dave Inc., a prominent neobank, has appointed Nima Khajehnouri, a leader in artificial intelligence and data engineering, to its Board of Directors, effective immediately. Khajehnouri, who has extensive experience with major tech firms like Meta, Google, and Snap, will also join the Company's Audit Committee. This move coincides with the departure of Imran Khan from the Board. Additionally, Mike Pope has been named Lead Independent Director, and Andrea Mitchell has been appointed Chair of the Nominating and Corporate Governance Committee, following recent transitions in Board leadership. CEO Jason Wilk expressed enthusiasm for Khajehnouri’s expertise in technology and innovation, which he believes will be crucial for the company's growth, especially in leveraging AI to enhance financial services for everyday consumers.
Potential Positives
- Nima Khajehnouri, a leader in AI and data engineering, has joined the Board of Directors, enhancing the company's technical expertise and innovation capabilities.
- His extensive experience with major tech companies like Meta, Google, and Snap positions him to significantly influence Dave's strategy in deploying disruptive technologies.
- The company's commitment to using AI to address financial challenges for everyday Americans is emphasized, aligning with Dave's mission of providing innovative banking services.
Potential Negatives
- Imran Khan stepping down from the Board could indicate potential instability or differing visions regarding the company's direction.
- The appointment of Nima Khajehnouri may raise concerns about the need for stronger technical leadership, suggesting previous inadequacies in that area.
FAQ
Who is Nima Khajehnouri?
Nima Khajehnouri is a leader in AI and data engineering, now serving on the Board of Directors at Dave Inc.
What position will Nima Khajehnouri hold at Dave?
He will serve as a member of the Company’s Audit Committee.
Who is stepping down from Dave's Board?
Imran Khan is stepping down as a Board member in conjunction with Khajehnouri's appointment.
What changes were announced for Board leadership?
Mike Pope was appointed Lead Independent Director, and Andrea Mitchell became Chair of the Nominating and Corporate Governance Committee.
What is Dave's mission?
Dave aims to provide best-in-class banking services using innovative technology to serve everyday Americans.
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 170 times in the past 6 months. Of those trades, 0 have been purchases and 170 have been sales.
Here’s a breakdown of recent trading of $DAVE stock by insiders over the last 6 months:
- IMRAN KHAN has made 0 purchases and 141 sales selling 197,771 shares for an estimated $40,963,375.
- JASON WILK (Chief Executive Officer) has made 0 purchases and 7 sales selling 114,950 shares for an estimated $26,036,723.
- KYLE BEILMAN (CFO and COO and Secretary) has made 0 purchases and 8 sales selling 77,066 shares for an estimated $17,528,467.
- YADIN ROZOV has made 0 purchases and 14 sales selling 19,386 shares for an estimated $4,003,137.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DAVE Revenue
$DAVE had revenues of $150.7M in Q3 2025. This is an increase of 62.97% from the same period in the prior year.
You can track DAVE financials on Quiver Quantitative's DAVE stock page.
$DAVE Hedge Fund Activity
We have seen 171 institutional investors add shares of $DAVE stock to their portfolio, and 120 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIVISADERO STREET CAPITAL MANAGEMENT, LP added 390,676 shares (+73.1%) to their portfolio in Q3 2025, for an estimated $77,881,260
- NVP ASSOCIATES, LLC removed 232,675 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $46,383,761
- D. E. SHAW & CO., INC. removed 224,254 shares (-44.3%) from their portfolio in Q3 2025, for an estimated $44,705,034
- AMERIPRISE FINANCIAL INC added 186,273 shares (+819.3%) to their portfolio in Q3 2025, for an estimated $37,133,522
- FMR LLC added 142,217 shares (+232.5%) to their portfolio in Q3 2025, for an estimated $28,350,958
- VOYA INVESTMENT MANAGEMENT LLC added 141,755 shares (+5603.0%) to their portfolio in Q3 2025, for an estimated $28,258,859
- NEUBERGER BERMAN GROUP LLC added 134,064 shares (+inf%) to their portfolio in Q3 2025, for an estimated $26,725,658
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:
- Citizens issued a "Market Outperform" rating on 11/05/2025
- Benchmark issued a "Buy" rating on 11/05/2025
- Canaccord Genuity issued a "Buy" rating on 11/05/2025
- Barrington Research issued a "Outperform" rating on 11/04/2025
- JMP Securities issued a "Market Outperform" rating on 09/26/2025
- B. Riley Securities issued a "Buy" rating on 07/29/2025
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 $298.5.
Here are some recent targets:
- Hal Goetsch from B. Riley Securities set a target price of $297.0 on 11/05/2025
- Mark Palmer from Benchmark set a target price of $345.0 on 11/05/2025
- Devin Ryan from Citizens set a target price of $310.0 on 11/05/2025
- Joseph Vafi from Canaccord Genuity set a target price of $274.0 on 11/05/2025
- Gary Prestopino from Barrington Research set a target price of $290.0 on 11/05/2025
- Devin Ryan from JMP Securities set a target price of $300.0 on 09/26/2025
Full Release
LOS ANGELES, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that Nima Khajehnouri, a distinguished leader in artificial intelligence and data engineering, has joined its Board of Directors, effective immediately. Mr. Khajehnouri will serve as a member of the Company’s Audit Committee. Imran Khan, who has served on the Board since August 2023, is stepping down in conjunction with this appointment.
Mr. Khajehnouri brings more than two decades’ experience of leading engineering at some of the world's most influential technology companies. He currently serves as Vice President of Engineering at Meta, having previously been Vice President of Engineering at both Google and Snap. His appointment follows a deliberate search to further strengthen Dave's technical leadership and innovation capabilities, as the Company continues to deploy disruptive technologies to serve millions of Americans.
The Board also announced several Board leadership transitions. Mike Pope, who has served on the Board since 2022, has been appointed Lead Independent Director, succeeding Brendan Carroll who remains a member of the Board. Andrea Mitchell, who has served on the Board since 2022, has been appointed Chair of the Nominating and Corporate Governance Committee, replacing Mr. Pope who will continue to serve as a member of the Committee.
“We’re pleased to announce today’s Board personnel changes, which reflect a thoughtful approach to evolving our Board in keeping with the further development of the company,” said Jason Wilk, Founder, CEO and Chairman of Dave. “Nima's world-class experience in scaling engineering teams, his deep technical background in AI and complex networks, and his exceptional insight into data-driven innovation will be invaluable to our Board and the wider Company. Imran has long been one of Dave’s most passionate and value-creative supporters, advisors and, more recently, Board members. I want to thank him for his significant contributions and leadership during his time on the Board. Finally, I’m excited that Mike and Andrea are taking on expanded leadership roles on the Board; their institutional knowledge and expertise remain vital to our continued growth and governance.”
“I’m excited to join Dave's Board and to contribute to its mission of providing best-in-class banking services through innovative technology,” said Mr. Khajehnouri. “Dave's commitment to using AI to solve real-world financial challenges for everyday Americans is inspiring. I look forward to working with Jason and the rest of the Board to help the Company realize its full potential.”
About Nima Khajehnouri
Mr. Khajehnouri has served as Vice President of Engineering at Meta since May 2025, and previously served as Vice President of Engineering at Google from January 2024 to May 2025, where he led the AI Data Engineering team. He previously served as Vice President of Engineering at Snap, Inc. from 2015 to December 2023, and Vice President of Engineering and Founding Member at NetSeer, Inc. from 2007 to its acquisition in 2015. Mr. Khajehnouri holds a Bachelor of Electrical Engineering from Sharif University of Technology, a PhD in Electrical Engineering and Computer Science from UCLA, and completed a postdoctoral fellowship in Computer Science, Complex Networks Lab at UCLA.
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.
Investor Relations Contact
Sean Mansouri, CFA or Stefan Norbom
Elevate IR
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Dan Ury
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