Toast, Inc. (NYSE:TOST) reported an insider sale this week when director Susan Chapman-Hughes disposed of 8,500 shares of Class A common stock on March 12, 2026. The shares were sold at $28.97 apiece, producing proceeds of $246,245. After the sale, Chapman-Hughes is recorded as directly owning 14,530 shares of Toast.
The transaction arrives while Toast shares have moved lower, down 31% over the past six months and trading most recently at $27.60. Independent Fair Value analysis from InvestingPro noted the company appears undervalued on that assessment, even as market prices have softened.
On valuation metrics, the stock trades at a price-to-earnings ratio of 49.62, a level that reflects investor expectations for the profitable restaurant technology platform.
Toast’s latest quarterly performance produced a mixed signal. For the fourth quarter of 2025, the company reported earnings per share of $0.16, below the consensus forecast of $0.24 and constituting a 33.33% negative surprise versus projections. Revenue for the quarter came in at $1.63 billion, slightly above the anticipated $1.62 billion.
Analyst reactions have varied following the quarter. DA Davidson lowered its price target to $33 while retaining a Neutral rating. Needham trimmed its target from $60 to $35 but kept a Buy rating, citing stronger-than-expected location additions and growth in average revenue per user as positive operational signals. Bernstein SocGen Group moved to upgrade the stock to Outperform and set a $39 price target, while noting there are challenges in the software and fintech segments that affect the company’s outlook.
Those divergent analyst actions underscore the split view on Toast’s trajectory: some firms are focused on growth in locations and average revenue per user, while others are responding conservatively to recent earnings volatility and broader sector pressures.
Chapman-Hughes’ sale is a discrete insider transaction and leaves her with a modest remaining stake. The market’s reaction to the quarter, the company’s elevated P/E, and analysts’ reassessments will likely shape near-term investor sentiment for the restaurant technology and payments-adjacent fintech sectors.
Summary: Director Susan Chapman-Hughes sold 8,500 Toast shares on March 12, 2026 at $28.97 for $246,245, leaving her with 14,530 shares. Toast reported Q4 2025 EPS of $0.16 on revenue of $1.63 billion. Analysts have issued mixed reactions and adjusted price targets.