Insider Selling: Toast, Inc. (NYSE:TOST) Insider Sells 4,151 Shares of Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 4,151 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $23.19, for a total transaction of $96,261.69. Following the transaction, the insider now directly owns 46,510 shares in the company, valued at approximately $1,078,566.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Michael Matlock also recently made the following trade(s):

• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The stock was sold at an average price of $22.99, for a total transaction of $18,346.02.
• On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The stock was sold at an average price of $23.40, for a total transaction of $28,197.00.
• On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The stock was sold at an average price of $23.59, for a total transaction of $18,565.33.

Toast Stock Up 3.6 %

TOST traded up $0.82 during trading hours on Monday, hitting $23.56. 7,110,102 shares of the company’s stock were exchanged, compared to its average volume of 7,950,186. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.00. The stock’s 50-day moving average is $23.55 and its two-hundred day moving average is $19.44. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of -45.69 and a beta of 1.77.

Toast (NYSE:TOST) last announced its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s revenue was up 34.7% on a year-over-year basis. On average, equities research analysts anticipate that Toast, Inc. will post -0.22 EPS for the current year.

Institutional Trading of Toast

A number of large investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in Toast by 1.0% in the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after acquiring an additional 436 shares during the last quarter. Wellington Shields & Co. LLC increased its position in Toast by 3.1% during the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after acquiring an additional 500 shares during the period. Brown Advisory Inc. boosted its stake in shares of Toast by 2.6% in the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company’s stock valued at $503,000 after purchasing an additional 675 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Toast by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after acquiring an additional 774 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Toast by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock worth $2,914,000 after acquiring an additional 790 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TOST. Royal Bank of Canada reissued a “sector perform” rating and set a $23.00 price target on shares of Toast in a research note on Thursday, April 11th. Robert W. Baird upped their target price on shares of Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their target price on shares of Toast from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Piper Sandler upped their target price on shares of Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, Evercore ISI started coverage on shares of Toast in a research note on Monday, March 4th. They issued an “outperform” rating and a $32.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.32.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.