Blackstone Holdings III GP Management sells $11.07 million in Bumble stock

Blackstone Holdings III GP Management, a major stakeholder in Bumble Inc. (NASDAQ:BMBL), recently sold a significant portion of its Class A Common Stock shares. The sale, which took place on September 28, 2026, involved the transfer of 3,767,776 shares, amounting to approximately $11.07 million. The price per share was determined at $2.9381, calculated using a hedging period based on the volume-weighted average price of Bumble’s Class A Common Stock.

The sale coincides with Bumble stock trading close to its 52-week low of $2.49, reflecting a notable decline of 56% over the past year. According to InvestingPro analysis, the stock appears undervalued at its current price. Investors can delve deeper into Bumble’s financials through the company’s Pro Research Report, which is among over 1,400 available for US equities.

Following the transaction, various entities affiliated with Blackstone Holdings III GP Management L.L.C. now collectively hold 18,664,720 shares of Bumble’s Class A Common Stock. The individual responsible for the sale has disclaimed any beneficial ownership interest in the securities held by other reporting parties, except where there is a pecuniary interest.

Simultaneously, Bumble Inc. reported its second-quarter earnings, showing revenue of $211 million, which marginally exceeded the forecasted $210.41 million. However, the company faced a 14.9% year-over-year revenue decline. The management has outlined a lower profit outlook, which has garnered investor attention. This outcome is consistent with the company’s strategic plan, even though the financial results are mixed. While revenue slightly surpassed expectations, the overall financial outlook remains cautious.

Analyst reactions to these developments have not been specified, but the revenue decline and profit outlook may impact future evaluations. These recent events underscore the challenges Bumble Inc. faces in sustaining its financial performance amid evolving market conditions.