Insider Selling: Toast, Inc. (NYSE:TOST) Insider Sells $96,261.69 in Stock

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

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

• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The shares were sold at an average price of $22.99, for a total value 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 shares were sold at an average price of $23.59, for a total transaction of $18,565.33.

Toast Stock Up 13.0 %

Shares of Toast stock opened at $26.82 on Thursday. The stock has a market capitalization of $12.10 billion, a P/E ratio of -52.59 and a beta of 1.77. The stock has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $19.57. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $27.31.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. Sell-side analysts anticipate that Toast, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

TOST has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. The Goldman Sachs Group upped their price target on Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Evercore ISI began coverage on Toast in a research note on Monday, March 4th. They set an “outperform” rating and a $32.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Toast from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Needham & Company LLC boosted their target price on shares of Toast from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Toast presently has an average rating of “Hold” and a consensus price target of $25.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Motley Fool Asset Management LLC lifted its holdings in shares of Toast by 201.4% during the first quarter. Motley Fool Asset Management LLC now owns 409,843 shares of the company’s stock worth $10,213,000 after buying an additional 273,879 shares during the last quarter. Motley Fool Wealth Management LLC acquired a new position in shares of Toast during the first quarter worth approximately $11,762,000. Avantax Advisory Services Inc. acquired a new position in shares of Toast during the first quarter worth approximately $355,000. Qsemble Capital Management LP acquired a new position in shares of Toast in the first quarter valued at $1,763,000. Finally, Sei Investments Co. raised its stake in shares of Toast by 3.7% in the first quarter. Sei Investments Co. now owns 642,672 shares of the company’s stock valued at $16,015,000 after purchasing an additional 22,991 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.