James Michael Matlock Sells 4,151 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Free Report) insider James Michael Matlock sold 4,151 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $18.20, for a total transaction of $75,548.20. Following the completion of the sale, the insider now owns 39,733 shares in the company, valued at approximately $723,140.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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 transaction of $108,650.88.
  • On Tuesday, January 16th, James Michael Matlock sold 1,059 shares of Toast stock. The shares were sold at an average price of $17.35, for a total transaction of $18,373.65.
  • On Wednesday, January 3rd, James Michael Matlock sold 1,363 shares of Toast stock. The shares were sold at an average price of $17.39, for a total transaction of $23,702.57.

Toast Price Performance

Toast stock opened at $19.26 on Thursday. The company’s 50 day simple moving average is $17.41 and its 200-day simple moving average is $18.36. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00.

Toast (NYSE:TOSTGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Toast had a negative net margin of 8.59% and a negative return on equity of 27.94%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned ($0.19) EPS. The business’s revenue was up 37.2% on a year-over-year basis. Analysts predict that Toast, Inc. will post -0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toast

Several large investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its stake in Toast by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,958 shares of the company’s stock worth $428,000 after buying an additional 482 shares during the period. Advisor Group Holdings Inc. increased its stake in Toast by 4.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,738 shares of the company’s stock worth $229,000 after buying an additional 530 shares during the period. Brown Advisory Inc. increased its stake in Toast by 2.6% during the 3rd quarter. Brown Advisory Inc. now owns 26,861 shares of the company’s stock worth $503,000 after buying an additional 675 shares during the period. Raymond James & Associates increased its stake in Toast by 5.1% during the 4th quarter. Raymond James & Associates now owns 14,889 shares of the company’s stock worth $268,000 after buying an additional 725 shares during the period. Finally, Trinity Financial Advisors LLC grew its holdings in Toast by 3.7% during the 3rd quarter. Trinity Financial Advisors LLC now owns 21,135 shares of the company’s stock worth $396,000 after acquiring an additional 747 shares in the last quarter. 60.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TOST. Morgan Stanley dropped their price target on shares of Toast from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. Bank of America lowered shares of Toast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $16.00 in a research report on Wednesday, December 6th. Royal Bank of Canada started coverage on shares of Toast in a research report on Wednesday, January 31st. They issued a “sector perform” rating and a $19.00 target price on the stock. UBS Group reiterated a “buy” rating and issued a $24.00 target price on shares of Toast in a research report on Friday, October 20th. Finally, Needham & Company LLC lowered their price target on shares of Toast from $31.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Toast has an average rating of “Hold” and an average price target of $21.15.

View Our Latest Report on TOST

About Toast

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Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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