Toast, Inc. (NYSE:TOST) Insider James Michael Matlock Sells 798 Shares

Toast, Inc. (NYSE:TOST - Get Free Report) insider James Michael Matlock sold 798 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $22.99, for a total value of $18,346.02. Following the transaction, the insider now owns 40,156 shares in the company, valued at $923,186.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

Toast Stock Up 1.4 %

Shares of Toast stock traded up $0.32 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. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of -44.00 and a beta of 1.79. The firm's fifty day simple moving average is $22.89 and its two-hundred day simple moving average is $18.96. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.00.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The company's quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) EPS. As a group, research analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

Institutional Trading of Toast

Several large investors have recently modified their holdings of TOST. Raymond James & Associates grew its holdings in shares of Toast by 115.4% in the first quarter. Raymond James & Associates now owns 24,946 shares of the company's stock worth $542,000 after acquiring an additional 13,364 shares during the period. HighTower Advisors LLC grew its holdings in shares of Toast by 78.2% in the first quarter. HighTower Advisors LLC now owns 28,356 shares of the company's stock worth $616,000 after acquiring an additional 12,446 shares during the period. Citigroup Inc. bought a new stake in shares of Toast in the first quarter worth $438,000. Ergoteles LLC bought a new stake in shares of Toast in the first quarter worth $2,427,000. Finally, First Trust Advisors LP bought a new stake in shares of Toast in the first quarter worth $33,356,000. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TOST shares. Wells Fargo & Company raised their price target on Toast from $15.00 to $17.00 and gave the stock an "underweight" rating in a research report on Friday, April 12th. Robert W. Baird raised their price target on Toast from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Monday. UBS Group raised their price target on Toast from $22.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Royal Bank of Canada restated a "sector perform" rating and set a $23.00 price target on shares of Toast in a research report on Thursday, April 11th. Finally, Evercore ISI started coverage on Toast in a report on Monday, March 4th. They issued an "outperform" rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.

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