Toast, Inc. (NYSE:TOST) Insider Sells $47,536.56 in Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 1,854 shares of Toast stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $47,536.56. Following the completion of the sale, the insider now owns 48,118 shares of the company’s stock, valued at approximately $1,233,745.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, May 3rd, James Michael Matlock sold 4,151 shares of Toast stock. The shares were sold at an average price of $23.19, for a total transaction of $96,261.69.
• 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 value of $18,346.02.

Toast Trading Down 2.5 %

NYSE:TOST traded down $0.64 during trading hours on Wednesday, hitting $25.35. 3,032,354 shares of the company were exchanged, compared to its average volume of 8,080,215. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of -51.90 and a beta of 1.76. Toast, Inc. has a one year low of $13.77 and a one year high of $27.90. The company has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $22.20.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted ($0.16) earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. Equities research analysts predict that Toast, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TOST. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $26.00 target price on shares of Toast in a research report on Wednesday, May 29th. Baird R W cut shares of Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group increased their price target on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Royal Bank of Canada boosted their price objective on shares of Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird downgraded Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus target price of $26.14.

Institutional Investors Weigh In On Toast

Large investors have recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in 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. Wellington Shields & Co. LLC grew its stake 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 purchasing an additional 500 shares during the period. Comerica Bank grew its stake in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after purchasing an additional 607 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Toast by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after purchasing an additional 774 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Toast by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock valued at $2,914,000 after buying an additional 790 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.