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

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

NYSE:TOST opened at $22.76 on Thursday. Toast, Inc. has a one year low of $13.77 and a one year high of $27.00. The business’s 50-day simple moving average is $22.96 and its 200 day simple moving average is $18.99. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of -44.63 and a beta of 1.79.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The company’s revenue was up 34.7% compared to the same quarter last year. On average, equities research analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently bought and sold shares of TOST. Altimeter Capital Management LP raised its stake in Toast by 3,508.4% during the first quarter. Altimeter Capital Management LP now owns 18,041,796 shares of the company’s stock valued at $3,933,007,000 after buying an additional 17,541,796 shares in the last quarter. Morgan Stanley raised its stake in Toast by 149.3% during the third quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock valued at $224,896,000 after buying an additional 7,191,595 shares in the last quarter. Blue Owl Capital Holdings LP raised its stake in Toast by 1,726.0% during the fourth quarter. Blue Owl Capital Holdings LP now owns 5,890,274 shares of the company’s stock valued at $107,556,000 after buying an additional 5,567,696 shares in the last quarter. Vanguard Group Inc. raised its stake in Toast by 23.6% during the third quarter. Vanguard Group Inc. now owns 27,413,189 shares of the company’s stock valued at $458,348,000 after buying an additional 5,232,858 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in Toast during the second quarter valued at approximately $111,554,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of research reports. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Thursday, March 7th. Redburn Atlantic raised Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods initiated coverage on Toast in a research report on Tuesday, April 9th. They set a “market perform” rating and a $25.00 price target for the company. Mizuho reissued a “neutral” rating and set a $17.00 price target on shares of Toast in a research report on Wednesday, March 27th. Finally, UBS Group boosted their price objective on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.32.

About Toast

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.