Coveo Renews Share Buyback Program to Boost Long-Term Value

The move follows the conclusion of a previous buyback program, under which the Montreal-based AI firm acquired 3,912,990 shares at a weighted average price of C$6.78. Management maintains that the current market price of the company’s stock may periodically fail to reflect its underlying value, prompting the decision to return capital to shareholders through cancellation of the repurchased equity.

To facilitate these transactions, the board has also renewed its automatic share purchase plan. This arrangement allows a designated broker to execute trades during internal black-out periods or other times when the company would otherwise be restricted from market activity. All acquisitions will occur through the TSX or alternative Canadian trading systems, with daily purchase limits set at 25% of the average daily trading volume calculated over the first half of 2026. The company noted that the final number of shares purchased and the timing of these transactions remain subject to liquidity levels, operational performance, and broader market conditions.