Insider Selling: Toast, Inc. (NYSE:TOST) Insider Sells 4,151 Shares of Stock

Toast, Inc. (NYSE:TOST - Get Free Report) insider James Michael Matlock sold 4,151 shares of the company's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $23.19, for a total value of $96,261.69. Following the completion of the sale, the insider now owns 46,510 shares of the company's stock, valued at $1,078,566.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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.
• 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.

Toast Stock Performance

TOST traded up $0.82 on Monday, reaching $23.56. 7,113,008 shares of the company's stock were exchanged, compared to its average volume of 7,950,186. The company has a market cap of $10.63 billion, a price-to-earnings ratio of -46.20 and a beta of 1.77. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The company's 50 day moving average is $23.60 and its 200-day moving average is $19.48.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The firm's revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) EPS. Sell-side analysts forecast that Toast, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Toast

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Duality Advisers LP purchased a new stake in shares of Toast during the first quarter valued at approximately $1,172,000. RIA Advisory Group LLC acquired a new position in Toast in the 1st quarter worth $368,000. Wellington Shields & Co. LLC boosted its stake in shares of Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company's stock valued at $416,000 after buying an additional 500 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Toast by 497.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,258 shares of the company's stock worth $879,000 after purchasing an additional 29,355 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its position in shares of Toast by 3.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 6,189,048 shares of the company's stock worth $154,231,000 after acquiring an additional 214,384 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group boosted 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. Evercore ISI initiated 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $23.00 target price on shares of Toast in a research report on Thursday, April 11th. Piper Sandler upped 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. Finally, Robert W. Baird upped their target price on Toast from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.