Insider Selling: Toast, Inc. (NYSE:TOST) President Sells 1,068 Shares of Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 1,068 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now directly owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Toast Trading Up 1.6 %

NYSE TOST opened at $41.99 on Friday. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12. The company’s fifty day moving average price is $38.46 and its two-hundred day moving average price is $32.25.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter last year, the company posted ($0.09) earnings per share. Analysts predict that Toast, Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after acquiring an additional 301 shares during the last quarter. Mirador Capital Partners LP increased its stake in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the period. D.A. Davidson & CO. lifted its position in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after buying an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after buying an additional 441 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TOST shares. Wedbush boosted their price target on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods boosted their target price on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Stephens raised their target price on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.74.

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.