Why Is LINDBLAD EXPEDITIONS (LIND) Stock Down Today?

Lindblad Expeditions Holdings shares fell 10.64% to close at $32.76. The decline followed the release of third-quarter 2026 financial results, which included a record profit and a raised annual revenue outlook.

What Happened

The company reported third-quarter revenue of $269.151 million, exceeding the $263.544 million estimate. Earnings per share came in at $0.36, surpassing the $0.35 consensus. Management raised its full-year 2026 revenue guidance from a range of $850 million to $880 million to a new range of $870 million to $885 million. The update was driven by strong performance in the White Desert and Echo Charlie segments. Occupancy rates climbed to 91%, contributing to a record net profit of $24.2 million. A Form 8-K filed on November 3, 2026, disclosed these results and accompanying financial statements.

What The Data Shows

The stock printed a fresh 52-week high and 11 fresh 52-week lows on November 3, 2026. The current price sits within a 52-week range of $11.37 to $38.85. Over the last eight sessions, the stock has moved down 4.3% from $34.24 to $32.76. The company has a market capitalization of $2.5 billion and a beta of 2.24. Trailing twelve-month revenue increased by 18.3%, while the net margin stands at -2.1%.

Recent insider activity shows no buys and four sells totaling $26.5 million in the last 90 days. Director Sven-Olof Lindblad, who holds a 10% stake, executed sales on October 20, 23, and 27, 2026. A separate filing indicated insider sales worth over $8 million.

What To Watch

Investors will monitor the company’s execution against its raised 2026 revenue guidance of $870 million to $885 million. The stock’s high beta of 2.24 suggests continued volatility as the market digests the strong quarterly performance and the recent surge in insider selling.