German construction sector still in recession, civil engineering only bright spot
Appian Corporation (NASDAQ:APPN) announced Friday that its board of directors has authorized a share repurchase program of up to $10 million of the company’s common stock. The program is effective immediately and will continue through August 28, 2027.
According to the company’s statement in a Securities and Exchange Commission filing, Appian may repurchase shares using various methods, including privately negotiated transactions, open market purchases, accelerated share repurchases, or other means. The company may also conduct repurchases under Rule 10b5-1 plans.
The filing states that the timing and amount of any share repurchases will depend on factors such as the company’s liquidity, general business and market conditions, debt covenant restrictions, and alternative investment opportunities. The program does not obligate Appian to acquire any specific number of shares.
Appian’s Class A common stock is listed on The Nasdaq Stock Market LLC under the ticker APPN.
This information is based on a press release statement disclosed in the company’s SEC filing.
In other recent news, Appian Corporation’s second-quarter 2025 earnings report highlighted a notable financial performance. The company reported a revenue of $170.64 million, which exceeded forecasts by 6.64%. However, earnings per share (EPS) fell short, coming in at $0 compared to the anticipated -$0.13. Despite this EPS miss, analysts have shown mixed reactions. TD Cowen lowered its price target for Appian to $35.00 from $37.00, maintaining a Hold rating, citing stable federal government demand as a strength. Meanwhile, DA Davidson assumed coverage of Appian with a Neutral rating and a $30.00 price target, acknowledging the company’s revenue and earnings performance exceeded expectations. Appian’s cloud growth was reported at 18% at constant currency, surpassing TD Cowen’s estimate of 16%. These developments reflect ongoing interest and analysis from financial firms regarding Appian’s market position and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.