Holdings Gp Man Blackstone III Sells 7,477,504 Shares of Bumble (NASDAQ:BMBL) Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder Holdings Gp Man Blackstone III sold 7,477,504 shares of Bumble stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the sale, the insider owned 25,832 shares in the company, valued at $90,670.32. This represents a 99.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Bumble Trading Down 4.5%

Shares of Bumble stock opened at $3.57 on Friday. Bumble Inc. has a 52-week low of $2.61 and a 52-week high of $8.64. The firm has a market capitalization of $402.48 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of 0.13 and a beta of 1.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.21 and a quick ratio of 3.55. The company’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $4.30.

Wall Street Analysts Forecast Growth

BMBL has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $5.00 price target on shares of Bumble in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bumble in a report on Monday. Bank of America dropped their target price on Bumble from $3.50 to $3.30 and set an “underperform” rating for the company in a report on Thursday, March 12th. UBS Group restated a “neutral” rating and set a $4.00 target price on shares of Bumble in a research report on Friday, March 13th. Finally, Jefferies Financial Group decreased their price target on Bumble from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $4.34.

Hedge Funds Weigh In On Bumble

A number of large investors have recently modified their holdings of BMBL. Royal Bank of Canada lifted its stake in shares of Bumble by 409.3% during the first quarter. Royal Bank of Canada now owns 325,121 shares of the company’s stock valued at $1,410,000 after acquiring an additional 261,281 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Bumble in the first quarter worth about $117,000. Savant Capital LLC acquired a new stake in Bumble in the second quarter worth about $75,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bumble in the second quarter worth about $504,000. Finally, Creative Planning raised its holdings in Bumble by 488.1% during the 2nd quarter. Creative Planning now owns 81,043 shares of the company’s stock worth $534,000 after purchasing an additional 67,262 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

More Bumble News

Here are the key news stories impacting Bumble this week:

• Positive Sentiment: Seeking Alpha makes a bullish case that Bumble’s repurchase of a Tax Receivable Agreement unlocked $400M+ of future tax savings, boosting free cash flow and implying a very high FCF yield that could support upside from a valuation perspective. Article Title
• Neutral Sentiment: Reported short-interest data for March looks inconsistent (shows 0 shares / NaN change), suggesting the available short-interest reporting is unreliable right now and not a clear driver in either direction.
• Negative Sentiment: Multiple affiliated major holders (Buzz Holdings L.P. Bcp / Blackstone-related entities) disclosed selling 7,477,504 shares on March 17 at about $3.51 — a ~99.66% reduction in those positions. Large insider/affiliate sales at current prices increase near-term supply and are a clear negative signal for sentiment and liquidity. Article Title
• Negative Sentiment: Coverage and analyst tone remain cautious: recent write-ups flag user and growth challenges, and consensus analyst positioning on MarketBeat shows more Holds/Sells than Buys (consensus “Reduce”), with several price-target cuts/neutral ratings — pressure on sentiment and price targets. Article Title

Bumble Company Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company’s core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.