Simon Kenneth James Broadbent Sells 7,820 Shares of Oatly Group (NASDAQ:OTLY) 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 stock was sold at an average price of $8.95, for a total transaction of $69,989.00. Following the completion of the transaction, the senior vice president owned 62,845 shares in the company, valued at $562,462.75. This trade represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oatly Group Stock Performance

Shares of OTLY opened at $8.58 on Friday. The company has a market capitalization of $267.95 million, a PE ratio of -1.72 and a beta of 1.85. Oatly Group AB Sponsored ADR has a one year low of $8.09 and a one year high of $18.84. 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’s fifty day moving average price is $10.82 and its 200 day moving average price is $11.19.

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

Analysts Set New Price Targets

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

Institutional Trading of Oatly Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OTLY. Cubist Systematic Strategies LLC bought a new stake in Oatly Group in the first quarter valued at about $133,000. Geode Capital Management LLC bought a new stake in Oatly Group in the second quarter valued at about $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Oatly Group by 9.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company’s stock valued at $215,000 after acquiring an additional 1,568 shares during the period. Van ECK Associates Corp boosted its position 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 buying an additional 1,756 shares in the last quarter. Finally, UBS Group AG boosted its position in Oatly Group by 1.5% in 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. Institutional investors own 68.15% of the company’s stock.

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.