A consortium of entities and individuals associated with Blackstone Inc. (NYSE: BX), identified as 10% owners of Bumble Inc. (NASDAQ: BMBL), collectively sold 7,215,034 shares of Bumble Class A common stock on March 17, 2026. The block transactions generated proceeds of $26,246,039, with each share transacted at a uniform price of $3.51, according to a Form 4 filing with the Securities and Exchange Commission.
The sale price per share stood below Bumble's prevailing market price of $3.74, and well under InvestingPro's Fair Value estimate of $5.97, a gap the filing notes as a point of valuation context. The filing lists the selling parties as BX Buzz ML-1 GP LLC, BX Buzz ML-2 GP LLC, BX Buzz ML-3 GP LLC, BX Buzz ML-4 GP LLC, BX Buzz ML-5 GP LLC, BX Buzz ML-6 GP LLC, BX Buzz ML-7 GP LLC, Blackstone Inc., Blackstone Group Management L.L.C., and Schwarzman Stephen A.
Although the disclosed transactions reduced holdings, the filing indicates the selling entities continue to own a significant number of Bumble shares. The document provides no further breakdown of post-transaction ownership by entity, and it does not indicate any change to the parties' 10% ownership designation.
The timing of the sale coincides with a pronounced move in Bumble's market value - the stock has fallen 47% over the last six months. The insider selling adds to market developments that investors are weighing together with the company’s recent financial results and analyst commentary.
On the fundamentals front, Bumble reported fourth-quarter fiscal 2025 revenue of $224 million and adjusted EBITDA of $72 million, both figures above Wall Street estimates of $221 million and $64 million, respectively. The company also issued first-quarter fiscal 2026 EBITDA guidance with a midpoint of $78 million and a margin of 36.4%, a level noted as above consensus expectations.
Analysts responded to those results and guidance with mixed adjustments to price targets and ratings. UBS lowered its price target to $4.00 from $5.00 while maintaining a Neutral rating and citing concerns about user monetization. BofA Securities trimmed its target to $3.30 from $3.50 and kept an Underperform rating, pointing to worries about revenue decline even as it acknowledged revenue exceeded the high end of guidance. Deutsche Bank and Evercore ISI held their respective ratings and set price targets at $4.00 and $5.00, while BTIG reiterated a Neutral rating, highlighting stronger profit expectations despite revenue forecasts remaining unchanged.
Investors tracking the selling activity and recent earnings will likely continue to balance the cash proceeds and unchanged post-sale ownership against persistent analyst scrutiny over monetization and revenue trends. The Form 4 filing provides a clear record of the transaction but does not supply commentary on intent or future disposition plans from the selling entities.
Contextual note - The disclosure of this block sale was made via a standard SEC Form 4 filing, which documents insider transactions. Beyond the transaction mechanics and the continued sizable holdings reported, the filing contains no additional narrative on strategy or timing from the selling parties.