Toast, Inc. (NYSE:TOST) Insider Sells $18,346.02 in Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 798 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.99, for a total value of $18,346.02. Following the transaction, the insider now directly owns 40,156 shares of the company’s stock, valued at $923,186.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The shares were sold at an average price of $23.40, for a total value of $28,197.00.
• On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The shares were sold at an average price of $23.59, for a total value of $18,565.33.
• On Monday, February 5th, James Michael Matlock sold 4,151 shares of Toast stock. The shares were sold at an average price of $18.20, for a total value of $75,548.20.
• On Friday, February 2nd, James Michael Matlock sold 5,804 shares of Toast stock. The shares were sold at an average price of $18.72, for a total value of $108,650.88.

Toast Stock Performance

Shares of TOST stock opened at $21.61 on Friday. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.00. The business has a fifty day simple moving average of $23.07 and a 200-day simple moving average of $19.03.

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

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in the stock. Park Avenue Securities LLC boosted its stake in shares of Toast by 1.0% during 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. Advisor Group Holdings Inc. boosted its stake in shares of Toast by 4.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,738 shares of the company’s stock valued at $229,000 after acquiring an additional 530 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Toast by 2.6% during the third quarter. Brown Advisory Inc. now owns 26,861 shares of the company’s stock valued at $503,000 after acquiring an additional 675 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Toast by 5.1% during the fourth quarter. Raymond James & Associates now owns 14,889 shares of the company’s stock valued at $268,000 after acquiring an additional 725 shares during the last quarter. Finally, Trinity Financial Advisors LLC boosted its stake in Toast by 3.7% in the 3rd quarter. Trinity Financial Advisors LLC now owns 21,135 shares of the company’s stock worth $396,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TOST shares. UBS Group increased their price objective on Toast from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Piper Sandler increased their price objective on Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 16th. The Goldman Sachs Group increased their price objective on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Wells Fargo & Company upped their price target on Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Finally, Evercore ISI started coverage on Toast in a research note on Monday, March 4th. They set an “outperform” rating and a $32.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.32.

About Toast

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.