LIND Director Sven-Olof Lindblad Sells $2.4M of Stock

Lindblad Expeditions Holdings, Inc. director Sven-Olof Lindblad sold 67,974 shares of the travel company on October 22, 2026. The transaction was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.

LIND Lindblad Expeditions Holdings, Inc.

$36.19 ▲ +150.62% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Inside Sven-Olof Lindblad's Lindblad Expeditions Trade

The shares were sold at an average price of $35.68, bringing the total value of the transaction to roughly $2.43 million. This sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, the director retains ownership of 10,283,528 shares, cutting his direct stake by about 0.66%. It marks the third recorded sale by the director in October.

Other Institutional Activity in Lindblad Expeditions

Institutional investors adjusted their holdings earlier in the year leading up to these transactions. Ariel Investments, LLC reduced its holdings by 676,435 shares, ending with 2,762,484 shares worth about $97.38 million. Driehaus Capital Management, LLC grew its holdings by 281,407 shares, ending with 1,467,275 shares worth about $51.72 million. Select Equity Group LP added 394,754 shares for a total of 1,452,792 shares valued at approximately $51.21 million. Principal Financial Group, Inc. trimmed its position by 136,314 shares, leaving it with 1,393,582 shares worth about $49.12 million. Arrowstreet Capital, Limited Partnership lifted its stake by 4,964 shares to end with 1,277,903 shares valued around $45.05 million.

Lindblad Expeditions Holdings, Inc. Stock Up 2.0%

The stock closed at $35.25 on October 22, 2026, matching its recent trading price. The shares have climbed well above their 50-day moving average of $30.77 and sit close to their 52-week high of $36.97.

Recent Earnings

Lindblad Expeditions reported trailing twelve month revenue of $830.61 million alongside a net margin of -2.1% and negative earnings per share of $0.38. The next quarterly earnings report is scheduled for November 3, 2026.

Dividend

The company does not currently pay a dividend, maintaining a payout ratio of 0.0%.

Insider Buying and Selling at Lindblad Expeditions Holdings, Inc.

Insiders executed several transactions prior to this sale. Michael Elliott Bisnow sold 44,642 shares on June 17, 2026, for about $1.08 million. Sven-Olof Lindblad previously sold 79,185 shares on October 16, 2026, for roughly $2.75 million, followed by another sale of 83,500 shares on October 19, 2026, valued at approximately $2.86 million.

Analysts Set New Price Targets

Wall Street firms maintain varied stances on the stock. Benchmark maintains a buy rating with a $34 price target set on June 29, 2026. Stifel holds a buy rating with a $32 price target established on July 10, 2026. Jefferies initiated coverage with a hold rating and a $29 target on September 9, 2026, later adjusting its target to $32 on October 8, 2026. Overall consensus stands at a buy with a mean price target of $36.00 across six analyst opinions.

About Lindblad Expeditions Holdings, Inc.

Lindblad Expeditions Holdings, Inc. operates marine expedition adventures and land-based travel experiences globally. The company connects travelers with remote destinations through specialized cruise ships and land excursions.

Bottom Line

Director Sven-Olof Lindblad continues to trim his large equity position through pre-arranged sales as the company approaches its upcoming earnings release on November 3, 2026. Investors will look to the next financial report for updates on revenue growth and profit margins.