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No insider purchase over the last 90 days. The latest was filed 22 May 2025.
Lindblad Expeditions Holdings, Inc.: what insiders have been doing
Lindblad Expeditions Holdings, Inc. is a Retail company based in United States. Its directors and officers file their transactions with SEC (Form 4). Over the twelve months to 18 October 2026, 64 filings were filed, from 19 insiders.
All open-market trades in the period are sales: 15 sales worth €9.2M, by 7 insiders, with no purchase on record. The totals do not cover 1 filing with an undisclosed amount. One trade stands out by size: a sale of €1.7M from Lindblad Sven-Olof, disclosed on 4 February 2026, or 0.091% of market capitalisation.
Typically, a trade is published a median of 2 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
Compared with its exchange (5,813 companies, median 19 filings), a count of 64 filings is above the norm. Our records for Lindblad Expeditions Holdings, Inc. go back to 2016, with 15 purchases and 65 sales on the open market in total. The 10-K for the year ended 31 December 2025 shows 771.0 m USD of revenue and -29.7 m USD of net income.
In the same sector, recent insider purchases at GameStop Corp. and Dick's Sporting Goods, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
294
Thresholds
n/a
Buy Volume
€2M
15 ops. · all time
Sell Volume
€24M
65 ops. · all time
Who traded when
BuySaleSven-Olof Lindblad7 sales
JOHN M. FAHEY Jr.3 sales
Trey Byus3 sales
Alex P. Schultz2 buys
Bressler Benjamin2 sales
Jr. Thomas S. Smith1 sale
+2 other insiders
Since the insiders bought
- +109.7%Entry US$10.19 · Close at T+365 US$21.37
- +43.0%Entry US$10.45 · Close at T+365 US$14.94
- +70.7%Entry US$7.48 · Close at T+365 US$12.77
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Lindblad Expeditions Holdings, Inc. Buy (bullish), based on 6 analysts. Average price target: US$36.00.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 19,423 of 24,148 companies
30.6
score / 100
Value30
Quality31
FCF yld2.8%
Earn yld-1.5%
EV/EBITDA33.3x
ROE·
Gross mgn46%
Net mgn-4.5%
Debt/EBITDA7.5x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$34.55
Analyst consensus
6 analystsBuy
US$30.00Target US$36.00(+4%)US$40.00
Income statement
RevenueUS$771M
Gross profitUS$353M46% margin
EBITDAUS$88M11% margin
Net income-US$34.6M-2.1% margin
Valuation
PER (forward)66.8x
Beta2.24
Balance sheet & cash
Market capUS$2.3B
Total debtUS$663.8M
Free Cash FlowUS$63.8M
Profitability & ownership
ROA4.1%
% insiders25.5%
% institutions83.2%
Last declaration on 16 October 2026
Declarations294 total
1,500,000 shares@ US$35.47Common StockSEC144:0001968582-26-001061
6,404 shares@ US$33.630.0097% mcap25.2% of flowClass A common stock, par value $0.01 per shareSEC:0000897069-26-001816:0
4,503 shares0Common StockSEC:0000897069-26-001744:0
10,664 shares0Common StockSEC:0000897069-26-001746:0
15,000 shares@ US$27.670.023% mcap64.3% of flowClass A common stock, par value $0.01 per shareSEC:0000897069-26-001645:0
3,240 shares0Restricted StockSEC:0000897069-26-001609:0
3,240 shares0Restricted StockSEC:0000897069-26-001615:0
3,240 shares0Restricted StockSEC:0000897069-26-001621:0
3,240 shares0Restricted StockSEC:0000897069-26-001619:0
3,240 shares0Restricted StockSEC:0000897069-26-001611:0
3,240 shares0Restricted StockSEC:0000897069-26-001623:0
3,240 shares0Restricted StockSEC:0000897069-26-001625:0
3,240 shares0Restricted StockSEC:0000897069-26-001627:0
3,240 shares0Restricted StockSEC:0000897069-26-001629:0
3,240 shares0Restricted StockSEC:0000897069-26-001631:0
3,000 shares@ US$22.04110.0037% mcap1.1% of flowCommonSEC144:0001949846-26-000407
9,763 sharesCommon StockSEC:0000897069-26-001443:0
44,642 sharesRestricted StockSEC:0000897069-26-001435:0
44,642 shares@ US$23.960.061% mcap100.0% of flowCommon StockSEC144:0001958244-26-000391
39,946 shares@ US$22.04110.043% mcap15.2% of flowCommon StockSEC:0000897069-26-001328:0
36,946 shares@ US$22.45190.047% mcap14.3% of flowCommonSEC144:0001949846-26-000343
1,000 shares@ US$19.3950.0009% mcap3.0% of flowRestricted StockSEC:0000897069-26-001143:0
25 of 294 declarations
About Lindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings, Inc. (ticker LIND) is a U.S.-based company listed on the NASDAQ in the United States. From an international equity perspective, it is a niche premium travel operator focused on expedition cruising and adventure travel, where competitive advantage depends less on scale than on brand reputation, access to remote destinations, and specialized guest experience.
The company traces its roots back to 1979 and built its identity around marine exploration and nature-oriented travel. Today, Lindblad’s business is organized into two reportable segments: the Lindblad segment, which is centered on ship-based expedition travel, and the Land Experiences segment, which offers land-based adventure itineraries. This two-platform model gives the group exposure to both sea-based and land-based experiential travel, while keeping the core proposition anchored in discovery, education, wildlife, and cultural immersion.
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On the marine side, Lindblad operates a fleet of small, nimble expedition vessels designed to access places that larger cruise ships cannot easily reach. Its itineraries typically include Alaska, the Arctic, Antarctica, the Galápagos Islands, Baja’s Sea of Cortez, the South Pacific, Costa Rica, and Panama. The product is positioned as immersive and educational, often featuring naturalists, scientists, photographers, and other experts who enhance the experience with field interpretation and exploration tools. In land travel, the company markets nature-focused and culturally rich adventure products through several specialist brands.
A major strategic asset is Lindblad’s long-standing partnership with National Geographic, which has been extended and expanded through 2040. That relationship supports co-selling, co-marketing, and brand credibility, and remains one of the company’s key differentiators in a highly fragmented travel market. The company is headquartered in New York, while its operations are global in scope.
Recent developments indicate that Lindblad continues to refine both operations and capital structure. In 2026, the company reported first-quarter results and continued to communicate around its expedition and adventure platform. Recent SEC filings also show ongoing insider Form 4 activity, along with governance and fleet-related updates, including the planned retirement of certain legacy vessels beginning in 2026. Overall, Lindblad is a specialized premium travel operator with a distinctive brand, global destination footprint, and strong positioning in expedition tourism, but it remains sensitive to travel demand, fleet utilization, and operating cost discipline.
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