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

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

Bumble Stock Performance

NASDAQ:BMBL opened at $3.74 on Friday. The stock has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $4.32. The stock has a market cap of $421.65 million, a P/E ratio of -0.62, a PEG ratio of 0.13 and a beta of 1.96. Bumble Inc. has a 1-year low of $2.61 and a 1-year high of $8.64. The company has a current ratio of 2.21, a quick ratio of 3.55 and a debt-to-equity ratio of 0.86.

Wall Street Analyst Weigh In

BMBL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bumble in a research report on Monday, December 29th. Bank of America decreased their target price on shares of Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley lifted their price target on shares of Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $5.00 price target on shares of Bumble in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bumble in a report on Monday. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of Bumble by 16.7% in the 2nd quarter. Cerity Partners LLC now owns 19,962 shares of the company’s stock valued at $132,000 after purchasing an additional 2,857 shares in the last quarter. Arizona State Retirement System boosted its stake in Bumble by 14.4% in the third quarter. Arizona State Retirement System now owns 26,419 shares of the company’s stock valued at $161,000 after buying an additional 3,317 shares in the last quarter. Quantbot Technologies LP grew its position in Bumble by 4.1% in the second quarter. Quantbot Technologies LP now owns 102,964 shares of the company’s stock valued at $679,000 after acquiring an additional 4,093 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Bumble by 19.8% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 25,822 shares of the company’s stock valued at $92,000 after acquiring an additional 4,270 shares during the last quarter. Finally, Swiss National Bank raised its stake in Bumble by 3.0% during the second quarter. Swiss National Bank now owns 151,200 shares of the company’s stock worth $996,000 after acquiring an additional 4,400 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

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.