Insider Selling: Toast, Inc. (NYSE:TOST) Insider Sells 798 Shares of Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 798 shares of the 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 sale, the insider now directly owns 40,156 shares in the company, valued at $923,186.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $18.72, for a total value of $108,650.88.

Toast Stock Up 1.4 %

TOST traded up $0.32 during trading on Wednesday, reaching $22.76. The company’s stock had a trading volume of 3,953,122 shares, compared to its average volume of 8,308,808. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00. The company has a market cap of $9.95 billion, a price-to-earnings ratio of -44.00 and a beta of 1.79. The firm has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $18.96.

Toast (NYSE:TOST) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The company 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 firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) earnings per share. As a group, equities analysts forecast that Toast, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WoodTrust Financial Corp acquired a new stake in Toast during the first quarter worth $754,000. Toth Financial Advisory Corp acquired a new stake in Toast during the first quarter worth $305,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Toast by 21.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,362 shares of the company’s stock worth $1,155,000 after buying an additional 8,095 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of Toast by 171.5% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 112,351 shares of the company’s stock worth $2,582,000 after buying an additional 70,972 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Toast during the first quarter worth $37,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TOST shares. Wells Fargo & Company raised their target price on Toast from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. UBS Group raised their target price on Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Piper Sandler raised their target price on Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Evercore ISI started coverage on Toast in a research report on Monday, March 4th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $23.00 target price on shares of Toast in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.32.

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.