James Michael Matlock Sells 1,854 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 1,854 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $25.64, for a total value of $47,536.56. Following the transaction, the insider now directly owns 48,118 shares in the company, valued at approximately $1,233,745.52. 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 Friday, May 3rd, James Michael Matlock sold 4,151 shares of Toast stock. The stock was sold at an average price of $23.19, for a total transaction of $96,261.69.
• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The shares were sold at an average price of $22.99, for a total value of $18,346.02.

Toast Price Performance

Shares of NYSE:TOST opened at $25.31 on Friday. The business’s 50 day simple moving average is $24.72 and its 200 day simple moving average is $22.25. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90.

Toast (NYSE:TOST) last released its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. Toast’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) EPS. On average, equities analysts predict that Toast, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Toast

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in shares of Toast during the 1st quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in Toast during the fourth quarter worth $30,000. Cape Investment Advisory Inc. acquired a new stake in shares of Toast in the 4th quarter valued at $31,000. Harbor Investment Advisory LLC bought a new position in shares of Toast in the 1st quarter valued at $37,000. Finally, Baystate Wealth Management LLC raised its holdings in shares of Toast by 58.2% during the 4th quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock worth $44,000 after buying an additional 896 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TOST. Canaccord Genuity Group boosted their price target on Toast from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Piper Sandler boosted their target price on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Mizuho raised their price target on Toast from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $26.00 price objective on shares of Toast in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company raised their target price on Toast from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Toast presently has an average rating of “Hold” and a consensus price target of $26.14.

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.