Insider Selling: Toast, Inc. (NYSE:TOST) General Counsel Sells $25,878.39 in Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Toast Price Performance

Shares of NYSE TOST opened at $41.21 on Friday. Toast, Inc. has a twelve month low of $18.47 and a twelve month high of $44.12. The firm has a fifty day simple moving average of $38.43 and a 200 day simple moving average of $32.31.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted ($0.09) EPS. As a group, research analysts anticipate that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOST shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, November 20th. Wedbush upped their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BMO Capital Markets assumed coverage on Toast in a report on Monday, January 6th. They set an “outperform” rating and a $45.00 price objective on the stock. Finally, Stephens upped their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.09.

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.