Shares of HealthStream Inc (NASDAQ:HSTM) climbed 2.2% on Tuesday after the healthcare technology company announced a new stock buyback plan valued at up to $10 million.

The company’s Board of Directors authorized the program, which will permit HealthStream to repurchase its common shares through a variety of methods, including open-market transactions, privately negotiated deals, or purchases executed under a Rule 10b5-1 trading plan.

The buyback authorization will remain active until February 26, 2026, or until the full $10 million allocation is utilized — whichever occurs first. The company emphasized that it is under no obligation to repurchase a specific number of shares, and the plan may be modified, suspended, or terminated at any time.

Management noted that such repurchase programs typically signal confidence in the company’s financial strength and growth outlook, while also boosting shareholder value by potentially increasing earnings per share through a reduced share count.

Based in Nashville, Tennessee, HealthStream provides a technology platform for the healthcare industry, offering solutions that help organizations manage training, certification, compliance, and professional development for their clinical and administrative staff.

HealthStream stock price

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