Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells 9,712 Shares of Stock

Toast, Inc. (NYSE:TOST - Get Free Report) Director Richard Kent Bennett sold 9,712 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $43.14, for a total transaction of $418,975.68. Following the completion of the transaction, the director now owns 534,167 shares of the company's stock, valued at $23,043,964.38. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Toast Price Performance

Shares of NYSE:TOST traded down $0.15 during mid-day trading on Wednesday, reaching $43.20. 4,506,008 shares of the company traded hands, compared to its average volume of 6,760,100. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $45.56. The firm has a market cap of $21.51 billion, a PE ratio of -4,315.68, a PEG ratio of 2.16 and a beta of 2.02. The company's 50 day moving average price is $38.59 and its 200-day moving average price is $38.06.

Institutional Trading of Toast

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Toast during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast in the fourth quarter valued at approximately $35,000. Wayfinding Financial LLC purchased a new position in Toast in the first quarter worth $34,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast during the fourth quarter worth $40,000. Institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TOST shares. Truist Financial began coverage on shares of Toast in a research report on Monday, June 2nd. They issued a "buy" rating and a $48.00 target price on the stock. Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Toast from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets lifted their price target on Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Toast currently has an average rating of "Moderate Buy" and a consensus price target of $41.21.

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.