Insider Selling: Toast, Inc. (NYSE:TOST) President Sells $1,648,967.19 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 47,073 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $35.03, for a total transaction of $1,648,967.19. Following the sale, the president now directly owns 1,491,773 shares in the company, valued at $52,256,808.19. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 19th, Stephen Fredette sold 44,056 shares of Toast stock. The shares were sold at an average price of $35.15, for a total value of $1,548,568.40.
• 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 stock was sold at an average price of $39.63, for a total transaction of $42,324.84.

Toast Price Performance

Shares of TOST stock opened at $35.20 on Friday. The firm has a 50-day moving average of $37.82 and a 200-day moving average of $34.99. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The company has a market cap of $17.39 billion, a P/E ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TOST shares. Morgan Stanley increased their target price on shares of Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Oppenheimer started coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, BNP Paribas set a $37.00 price objective on Toast and gave the company a “neutral” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Toast has an average rating of “Hold” and a consensus price target of $40.48.

Institutional Trading of Toast

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased 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 valued at $25,000 after purchasing an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new position in Toast during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast during the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast in the fourth quarter worth about $40,000. 82.91% of the stock is currently owned by institutional investors.

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.