Insider Selling: Oatly Group (NASDAQ:OTLY) SVP Sells $69,989.00 in Stock

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) SVP Simon Kenneth James Broadbent sold 7,820 shares of Oatly Group stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $8.95, for a total value of $69,989.00. Following the sale, the senior vice president directly owned 62,845 shares in the company, valued at $562,462.75. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oatly Group Stock Down 4.5%

Shares of Oatly Group stock opened at $8.19 on Friday. The business’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $11.16. The company has a debt-to-equity ratio of 43.43, a current ratio of 0.45 and a quick ratio of 0.32. The company has a market capitalization of $255.77 million, a P/E ratio of -1.64 and a beta of 1.85. Oatly Group AB Sponsored ADR has a 1-year low of $8.09 and a 1-year high of $18.84.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.52. The firm had revenue of $228.33 million for the quarter, compared to the consensus estimate of $214.61 million. Oatly Group had a negative return on equity of 432.75% and a negative net margin of 17.06%. As a group, research analysts forecast that Oatly Group AB Sponsored ADR will post -2.77 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

A number of hedge funds have recently modified their holdings of the stock. Performa Ltd US LLC grew its holdings in shares of Oatly Group by 16.8% in the 4th quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock worth $108,000 after acquiring an additional 1,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Oatly Group by 9.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company’s stock worth $215,000 after acquiring an additional 1,568 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Oatly Group by 19.0% during the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock valued at $178,000 after buying an additional 1,756 shares in the last quarter. UBS Group AG grew its holdings in shares of Oatly Group by 1.5% during the third quarter. UBS Group AG now owns 646,591 shares of the company’s stock valued at $10,475,000 after buying an additional 9,620 shares in the last quarter. Finally, R Squared Ltd grew its holdings in shares of Oatly Group by 77.1% during the first quarter. R Squared Ltd now owns 25,609 shares of the company’s stock valued at $260,000 after buying an additional 11,145 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OTLY has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research note on Friday, March 27th. Morgan Stanley set a $12.55 target price on Oatly Group in a research note on Thursday, April 30th. Finally, Barclays set a $14.00 price objective on Oatly Group and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Oatly Group currently has a consensus rating of “Hold” and a consensus target price of $14.64.

About Oatly Group

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.