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QIAGEN discloses management share consolidation under synthetic repurchase program

Story Highlights
  • QIAGEN executed a share consolidation tied to its synthetic repurchase, converting every 20 shares into 19.
  • Supervisory board member Metin Colpan’s holdings were adjusted to 66,877 shares after the consolidation outside a trading venue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
QIAGEN discloses management share consolidation under synthetic repurchase program

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Qiagen ( (QGEN) ) has provided an announcement.

QIAGEN has reported a manager transaction involving supervisory board member Metin Colpan following the company’s previously announced synthetic share repurchase and share consolidation program. Under the terms of this program, every 20 issued QIAGEN shares were consolidated into 19, resulting in Colpan’s holdings being reduced by 3,521 shares to a total of 66,877 common shares, in a non-quantifiable transaction executed outside a trading venue, highlighting the ongoing effects of the capital restructuring on insider share positions.

The most recent analyst rating on (QGEN) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Qiagen stock, see the QGEN Stock Forecast page.

More about Qiagen

QIAGEN N.V. is a Netherlands-based life sciences and molecular diagnostics company whose shares are listed on multiple European exchanges as well as on the NYSE and Swiss markets. The company focuses on sample and assay technologies used in molecular testing across research, clinical diagnostics and pharmaceutical applications, serving laboratories and healthcare-related customers worldwide.

Average Trading Volume: 1,155,025

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.99B

Find detailed analytics on QGEN stock on TipRanks’ Stock Analysis page.

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