Insider Selling: Bumble (NASDAQ:BMBL) Major Shareholder Sells 7,477,504 Shares of Stock

Bumble Inc. (NASDAQ:BMBL) major shareholder – Nq L.L.C. Btoa 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 directly owned 25,832 shares in the company, valued at approximately $90,670.32. The trade was a 99.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Bumble Price Performance

NASDAQ:BMBL traded down $0.04 during mid-day trading on Thursday, reaching $3.74. 3,267,159 shares of the stock were exchanged, compared to its average volume of 6,282,907. The company has a current ratio of 2.21, a quick ratio of 3.55 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average price of $3.28 and a 200 day moving average price of $4.32. Bumble Inc. has a 1-year low of $2.61 and a 1-year high of $8.64. The firm has a market capitalization of $421.65 million, a PE ratio of 1.73, a PEG ratio of 0.13 and a beta of 1.96.

Hedge Funds Weigh In On Bumble

A number of large investors have recently made changes to their positions in BMBL. Maple Rock Capital Partners Inc. acquired a new position in shares of Bumble during the 2nd quarter worth $30,127,000. Vanguard Group Inc. lifted its stake in shares of Bumble by 52.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after purchasing an additional 3,820,205 shares during the last quarter. Saba Capital Management L.P. boosted its holdings in Bumble by 52.6% in the fourth quarter. Saba Capital Management L.P. now owns 5,337,549 shares of the company’s stock worth $19,055,000 after purchasing an additional 1,838,923 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Bumble during the third quarter worth $6,013,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Bumble during the fourth quarter worth $3,516,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BMBL. Wells Fargo & Company decreased their price target on Bumble from $5.50 to $5.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. UBS Group reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Bumble in a research note on Friday, March 13th. William Blair reiterated an “outperform” rating on shares of Bumble in a report on Monday. Bank of America dropped 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. Finally, Morgan Stanley boosted their price target on shares of Bumble from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Bumble currently has a consensus rating of “Reduce” and an average target price of $4.34.

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.