BTOA-NQ LLC, Bumble 10% owner, sells $9.79m in stock

BTOA-NQ L.L.C., a top shareholder and director of Bumble Inc. (NASDAQ:BMBL), has sold 2,763,510 shares of the company's Class A Common Stock on October 13, 2026, worth approximately $9,789,181. The shares were sold at a price of $3.5423 per share, determined after a hedging period for a post-paid forward transaction initiated on November 26, 2025.

Bumble's stock has skyrocketed to $5.97, trading close to its 52-week high of $5.98, indicating an extraordinary 138.8% return in just one week. Analysts from InvestingPro report that the stock is trading near its fair value of $5.88. BTOA-NQ L.L.C., which holds a 10% stake in the company and serves as a director, indirectly owns a total of 15,901,210 shares following the sale.

In recent news, Bumble reported a second-quarter revenue of $211 million, slightly surpassing the analyst forecast of $210.41 million. However, revenue declined by 14.9% compared to the previous year. Despite the revenue beat, the company now anticipates a lower profit outlook. This performance has attracted investor attention due to the year-over-year revenue decline.

While the stock price movement has garnered significant interest, the focus here is on the financial performance and future outlook assessed by analysts. This report was AI-generated and reviewed by an editor.