Blackstone Sells $11.1 Million in Bumble Shares Near Annual Lows

Blackstone Holdings III GP Management has divested approximately $11.07 million in Bumble Inc. (NASDAQ: BMBL) stock. The firm offloaded over 3.7 million shares as the dating app developer's equity trades near 52-week lows.

On September 28, 2026, Blackstone Holdings III GP Management L.L.C. sold 3,767,776 shares of Bumble Class A common stock at a price of $2.9381 per share, according to a filing reported by Investing.com.

Transaction Mechanics

The sale price was determined by the volume-weighted average price of Bumble's shares over a specific hedging period rather than a direct market trade. This transaction was part of a post-paid forward agreement between the firm and an unaffiliated financial institution. Institutional investors use this mechanism to manage equity positions and liquidity without immediate, large-scale open market liquidation.

Following this divestment, entities associated with Blackstone Holdings III GP Management retain an indirect holding of 18,664,720 shares of Bumble's Class A common stock.

Market Context and Performance

This sale occurs as Bumble faces downward pressure on its valuation. The company's stock is currently trading near its 52-week low of $2.49, representing a 56% decline over the trailing 12-month period.

The decline in Bumble's share price reflects challenges facing the online dating sector, where user growth and monetization have faced scrutiny. For investors, the Blackstone transaction highlights the recalibration of long-term positions in the company as its market capitalization remains under pressure.