Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells $1,938,400.00 in Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 80,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $24.23, for a total transaction of $1,938,400.00. Following the completion of the sale, the director now owns 97,762 shares in the company, valued at approximately $2,368,773.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Toast Price Performance

Toast stock opened at $25.69 on Thursday. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of -51.38 and a beta of 1.75. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.90. The firm has a 50-day moving average of $24.36 and a two-hundred day moving average of $21.89.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS. Research analysts expect that Toast, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Toast

Several hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its position in shares of Toast by 33.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 36,483 shares of the company’s stock worth $880,000 after purchasing an additional 9,140 shares during the period. LRI Investments LLC purchased a new stake in shares of Toast in the 1st quarter worth approximately $27,000. Washington Harbour Partners LP lifted its position in shares of Toast by 164.4% in the 1st quarter. Washington Harbour Partners LP now owns 152,300 shares of the company’s stock worth $3,795,000 after purchasing an additional 94,700 shares during the period. XN LP lifted its position in shares of Toast by 40.9% in the 1st quarter. XN LP now owns 5,055,225 shares of the company’s stock worth $125,976,000 after purchasing an additional 1,467,339 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Toast in the 1st quarter worth approximately $4,350,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Mizuho boosted their target price on shares of Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Stephens restated an “equal weight” rating and issued a $28.00 target price on shares of Toast in a report on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.14.

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.