Entities affiliated with Blackstone Inc. have reported the sale of 7,477,500 shares of Bumble Inc. (NASDAQ:BMBL) Class A Common Stock. The transactions were recorded on June 16, 2026, totaling $28,228,310 in value. These shares were executed at a price of $3.7751 per share. The stock has since declined to $2.96, reflecting a challenging year that saw shares fall 44% over the past twelve months. InvestingPro data reveals the stock is quite volatile, with a beta of 1.88.
The sales were conducted by several reporting persons, including BX Buzz ML-1 GP LLC through BX Buzz ML-7 GP LLC. These entities are affiliates of Blackstone Inc. and are ultimately controlled by its founder, Stephen A. Schwarzman. The reporting persons are identified as ten percent owners of Bumble Inc.
Following these sales, the reporting persons collectively hold 22,432,496 shares of Bumble Inc. Class A Common Stock. The shares involved in these transactions were indirectly held by various Blackstone-affiliated investment vehicles. According to footnotes, the price per share was determined based on the volume weighted average price of Class A Common Stock over a hedging period related to a post-paid forward transaction, which concluded on June 16, 2026.
Despite recent price weakness, InvestingPro analysis suggests the stock appears undervalued at current levels. Investors seeking deeper insights can access comprehensive Pro Research Reports covering BMBL and 1,400+ other US equities.
In other recent news, Bumble Inc. reported its first-quarter earnings for 2026, significantly exceeding expectations with an earnings per share (EPS) of $0.34, compared to the forecasted $0.27. The company’s revenue for the quarter was $212.4 million, slightly surpassing the anticipated $211.61 million, although it marked a 14% decline year-over-year. Despite this decline, BofA Securities raised its price target for Bumble to $3.50 from $3.30, maintaining an Underperform rating, citing a revenue beat primarily driven by Badoo. In an effort to address declining revenue, Bumble announced the launch of a paid group-dating feature called "Plans" in New York. This new feature allows users to RSVP for small gatherings, with both the user and a plus-one required to pay a fee. Additionally, Bumble held its 2026 Annual Meeting of Stockholders, where shareholders voted on the election of directors and other proposals.
Key Points:
- Blackstone Affiliates Reduce Stake: Entities linked to Blackstone Inc., controlled by founder Stephen A. Schwarzman, sold 7,477,500 shares of Bumble Inc. on June 16, 2026, for $28,228,310. The transaction was executed at $3.7751 per share, determined by the volume weighted average price over a hedging period for a post-paid forward transaction. Post-sale, these reporting persons, identified as ten percent owners, collectively hold 22,432,496 shares.
- Bumble Financial Performance: Bumble reported first-quarter 2026 earnings of $0.34 per share, exceeding the forecasted $0.27. Revenue came in at $212.4 million, slightly above the anticipated $211.61 million, though it represents a 14% year-over-year decline. BofA Securities raised its price target to $3.50 from $3.30, maintaining an Underperform rating, noting the revenue beat was primarily driven by Badoo.
- Market Context and Volatility: Bumble’s stock has fallen 44% over the past twelve months and is currently trading at $2.96. InvestingPro data indicates high volatility with a beta of 1.88. Despite price weakness, some analysis suggests the stock may be undervalued. Bumble also launched a paid group-dating feature called "Plans" in New York and held its 2026 Annual Meeting of Stockholders.
Risks and Uncertainties:
- Revenue Decline and Market Pressure: Bumble’s revenue declined 14% year-over-year in the first quarter of 2026. While the company beat revenue expectations, the underlying decline presents a challenge for sustained growth. BofA Securities maintains an Underperform rating, indicating caution despite the price target increase.
- Stock Volatility and Valuation Concerns: The stock has experienced significant price swings, with a beta of 1.88 indicating higher volatility than the market. The 44% decline over the past twelve months reflects ongoing market pressure. While some analysis suggests undervaluation, the high volatility and recent price weakness introduce uncertainty for investors.
- Strategic Initiatives and Adoption: Bumble’s new paid group-dating feature, "Plans," requires both users and a plus-one to pay a fee. The success of this initiative in addressing declining revenue remains uncertain, as it depends on user adoption and willingness to pay for premium features in a competitive market.
Tags: Blackstone, Bumble, Insider Trading, Real Estate, Infrastructure
News Wire Title: Blackstone-linked entities sell $28.2m of Bumble Inc. stock
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Sentiment: negative
Impact: medium
Ticker: BMBL
Tickers: ["BMBL", "BX"]
Ticker Sentiment: {"BMBL": "negative", "BX": "negative"}