Martin Fredrik Lind Sells 2,968 Shares of Oatly Group (NASDAQ:OTLY) Stock

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) insider Martin Fredrik Lind sold 2,968 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $8.96, for a total transaction of $26,593.28. Following the completion of the transaction, the insider directly owned 18,088 shares in the company, valued at $162,068.48. The trade was a 14.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oatly Group Price Performance

Shares of OTLY opened at $8.58 on Friday. The firm has a market capitalization of $267.95 million, a PE ratio of -1.72 and a beta of 1.85. The company’s 50-day moving average is $10.82 and its 200-day moving average is $11.19. Oatly Group AB Sponsored ADR has a fifty-two week low of $8.09 and a fifty-two week 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.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data 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 company had revenue of $228.33 million for the quarter, compared to analyst estimates of $214.61 million. Oatly Group had a negative net margin of 17.06% and a negative return on equity of 432.75%. Equities analysts forecast that Oatly Group AB Sponsored ADR will post -2.77 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Oatly Group

Several institutional investors and hedge funds have recently modified their holdings of OTLY. Cubist Systematic Strategies LLC acquired a new position in shares of Oatly Group in the first quarter valued at about $133,000. Geode Capital Management LLC acquired a new position in shares of Oatly Group in the second quarter valued at about $151,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 in the last quarter. Van ECK Associates Corp grew its stake in Oatly Group by 19.0% during the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after buying an additional 1,756 shares in the last quarter. Finally, UBS Group AG grew its stake in Oatly Group by 1.5% during the third quarter. UBS Group AG now owns 646,591 shares of the company’s stock worth $10,475,000 after buying an additional 9,620 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.