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

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

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 stock was sold at an average price of $23.40, for a total transaction 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 stock was 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 stock was sold at an average price of $18.72, for a total value of $108,650.88.

Toast Stock Performance

Shares of TOST stock opened at $22.18 on Friday. The stock’s fifty day moving average price is $23.03 and its 200 day moving average price is $19.01. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.00.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 34.7% on a year-over-year basis. Sell-side analysts expect that Toast, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Toast

Several large investors have recently bought and sold shares of TOST. Altimeter Capital Management LP raised its holdings in shares of Toast by 3,508.4% in the first quarter. Altimeter Capital Management LP now owns 18,041,796 shares of the company’s stock worth $3,933,007,000 after buying an additional 17,541,796 shares during the last quarter. Morgan Stanley lifted its position in Toast by 149.3% during the 3rd quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock worth $224,896,000 after acquiring an additional 7,191,595 shares during the period. Blue Owl Capital Holdings LP grew its stake in Toast by 1,726.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 5,890,274 shares of the company’s stock valued at $107,556,000 after purchasing an additional 5,567,696 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Toast by 23.6% in the third quarter. Vanguard Group Inc. now owns 27,413,189 shares of the company’s stock valued at $458,348,000 after purchasing an additional 5,232,858 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Toast in the second quarter worth about $111,554,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

TOST has been the subject of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $23.00 price objective on shares of Toast in a report on Thursday, April 11th. BNP Paribas upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, March 7th. UBS Group increased their price objective on shares of Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Redburn Atlantic raised shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, February 7th. Finally, Evercore ISI started coverage on Toast in a research report on Monday, March 4th. They set an “outperform” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Toast presently has a consensus rating of “Hold” and an average price target 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.