Insider Selling: Toast, Inc. (NYSE:TOST) President Sells 44,056 Shares of Stock

Toast, Inc. (NYSE:TOST - Get Free Report) President Stephen Fredette sold 44,056 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $35.15, for a total value of $1,548,568.40. Following the transaction, the president now directly owns 1,447,717 shares in the company, valued at $50,887,252.55. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, March 17th, Stephen Fredette sold 47,073 shares of Toast stock. The shares were sold at an average price of $35.03, for a total transaction of $1,648,967.19.
• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total value of $10,500.00.
• 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 value of $42,324.84.

Toast Stock Performance

Toast stock traded up $0.23 during midday trading on Tuesday, reaching $36.38. The stock had a trading volume of 5,877,567 shares, compared to its average volume of 6,506,809. The stock's 50-day simple moving average is $37.84 and its 200 day simple moving average is $35.23. The stock has a market capitalization of $17.97 billion, a PE ratio of -3,634.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on TOST. JPMorgan Chase & Co. increased their price objective on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. BNP Paribas set a $37.00 price target on shares of Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. DA Davidson restated a "neutral" rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Robert W. Baird increased their target price on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, Morgan Stanley boosted their price target on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.48.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Toast by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock valued at $1,408,000 after purchasing an additional 301 shares during the period. Keel Point LLC lifted its position in Toast by 2.7% during the 4th quarter. Keel Point LLC now owns 12,269 shares of the company's stock worth $447,000 after acquiring an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Toast by 11.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after acquiring an additional 358 shares during the period. Mirador Capital Partners LP grew its position in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after acquiring an additional 360 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

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.