Toast, Inc. (NYSE:TOST) Insider Sells $220,152.00 in Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 9,173 shares of Toast stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $220,152.00. Following the transaction, the insider now owns 55,548 shares in the company, valued at approximately $1,333,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 2nd, James Michael Matlock sold 1,854 shares of Toast stock. The shares were sold at an average price of $25.64, for a total value of $47,536.56.

Toast Stock Performance

Shares of TOST traded down $0.53 during mid-day trading on Monday, reaching $23.92. The stock had a trading volume of 9,580,998 shares, compared to its average volume of 7,834,295. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90. The business has a fifty day moving average of $24.82 and a 200 day moving average of $23.43. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of -47.10 and a beta of 1.76.

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Toast in a report on Thursday, May 30th. Robert W. Baird lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Tuesday, May 21st. Baird R W cut shares of Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Wells Fargo & Company increased their price target on shares of Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada raised their target price 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.65.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TOST. Vanguard Group Inc. lifted its position in shares of Toast by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after buying an additional 1,598,248 shares during the last quarter. Capital International Investors grew its stake in Toast by 12.2% in the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after acquiring an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Toast by 21.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after acquiring an additional 3,445,788 shares during the period. Abdiel Capital Advisors LP grew its stake in Toast by 0.3% in the 4th quarter. Abdiel Capital Advisors LP now owns 10,913,464 shares of the company’s stock valued at $199,280,000 after acquiring an additional 37,091 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in Toast by 9.1% in the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock valued at $248,611,000 after purchasing an additional 833,390 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

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.