James Michael Matlock Sells 5,804 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Free Report) insider James Michael Matlock sold 5,804 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $18.72, for a total value of $108,650.88. Following the transaction, the insider now owns 43,884 shares in the company, valued at approximately $821,508.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, February 5th, James Michael Matlock sold 4,151 shares of Toast stock. The stock was sold at an average price of $18.20, for a total transaction of $75,548.20.
  • On Tuesday, January 16th, James Michael Matlock sold 1,059 shares of Toast stock. The stock was sold at an average price of $17.35, for a total transaction of $18,373.65.
  • On Wednesday, January 3rd, James Michael Matlock sold 1,363 shares of Toast stock. The stock was sold at an average price of $17.39, for a total value of $23,702.57.

Toast Trading Up 4.6 %

NYSE:TOST opened at $19.26 on Thursday. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.00. The business’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $18.36.

Toast (NYSE:TOSTGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. Toast had a negative return on equity of 27.94% and a negative net margin of 8.59%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted ($0.19) EPS. Toast’s revenue for the quarter was up 37.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Toast, Inc. will post -0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TOST. Piper Sandler cut Toast from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $17.00 in a research report on Wednesday, November 8th. The Goldman Sachs Group raised Toast from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $24.00 in a report on Wednesday, January 10th. Wells Fargo & Company cut their price objective on Toast from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Monday, November 20th. Needham & Company LLC cut their price objective on Toast from $31.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Morgan Stanley lowered their target price on Toast from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.15.

Check Out Our Latest Stock Report on TOST

Institutional Investors Weigh In On Toast

Institutional investors have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Toast during the 2nd quarter worth approximately $29,000. Baystate Wealth Management LLC acquired a new position in Toast during the 3rd quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in shares of Toast in the 4th quarter valued at approximately $30,000. BluePath Capital Management LLC acquired a new stake in shares of Toast in the 3rd quarter valued at approximately $30,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Toast in the 2nd quarter valued at approximately $38,000. Institutional investors own 60.29% of the company’s stock.

About Toast

(Get Free Report)

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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