Oatly Group (NASDAQ:OTLY) CEO Jean-Christophe Marie Flatin Sells 1,934 Shares

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) CEO Jean-Christophe Marie Flatin sold 1,934 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $8.94, for a total value of $17,289.96. Following the completion of the transaction, the chief executive officer owned 245,400 shares in the company, valued at $2,193,876. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oatly Group Trading Up 2.3%

OTLY opened at $8.61 on Thursday. Oatly Group AB Sponsored ADR has a one year low of $8.09 and a one year high of $18.84. The stock has a market capitalization of $268.89 million, a PE ratio of -1.72 and a beta of 1.85. The business’s 50 day moving average price is $10.84 and its 200 day moving average price is $11.22. The company has a debt-to-equity ratio of 43.43, a quick ratio of 0.32 and a current ratio of 0.45.

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

Hedge Funds Weigh In On Oatly Group

Several large investors have recently bought and sold shares of the business. Performa Ltd US LLC boosted its stake in Oatly Group by 16.8% in the fourth quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock valued at $108,000 after acquiring an additional 1,450 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Oatly Group in the first quarter valued at $133,000. Geode Capital Management LLC acquired a new position in Oatly Group in the second quarter valued at $151,000. R Squared Ltd acquired a new position in Oatly Group in the fourth quarter valued at $155,000. Finally, Van ECK Associates Corp boosted its stake in Oatly Group by 19.0% in the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock valued at $178,000 after acquiring an additional 1,756 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley set a $12.55 price objective on Oatly Group in a research note on Thursday, April 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a report on Friday, March 27th. Finally, Barclays set a $14.00 target price on Oatly Group and gave the company an “overweight” rating in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Oatly Group presently has a consensus rating of “Hold” and an average price target of $14.64.

Oatly Group Company Profile

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.