Insider Selling: Toast, Inc. (NYSE:TOST) President Sells 300 Shares of Stock

Toast, Inc. (NYSE:TOST - Get Free Report) President Stephen Fredette sold 300 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $35.00, for a total value of $10,500.00. Following the completion of the sale, the president now owns 1,538,846 shares of the company's stock, valued at $53,859,610. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Stephen Fredette also recently made the following trade(s):

• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The stock was sold at an average price of $33.87, for a total value of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84.

Toast Price Performance

Shares of NYSE:TOST traded down $1.09 during trading hours on Tuesday, hitting $33.75. 6,802,748 shares of the company's stock traded hands, compared to its average volume of 6,497,861. The firm has a market capitalization of $16.67 billion, a P/E ratio of -3,371.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The business has a fifty day moving average price of $38.05 and a 200-day moving average price of $34.78. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12.

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Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. As a group, equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Toast

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new stake in Toast in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in Toast during the 4th quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the fourth quarter valued at approximately $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TOST. Royal Bank of Canada upped their target price on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. UBS Group raised their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. DA Davidson reiterated a "neutral" rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price target on Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $40.48.

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.