Aman Narang Sells 197,400 Shares of Toast, Inc (NYSE:TOST) Stock

Toast, Inc (NYSE:TOST) COO Aman Narang sold 197,400 shares of Toast stock in a transaction dated Tuesday, January 11th. The shares were sold at an average price of $30.03, for a total value of $5,927,922.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Aman Narang also recently made the following trade(s):

  • On Friday, January 7th, Aman Narang sold 1,600 shares of Toast stock. The shares were sold at an average price of $30.00, for a total value of $48,000.00.
  • On Wednesday, January 5th, Aman Narang sold 101,000 shares of Toast stock. The shares were sold at an average price of $30.26, for a total value of $3,056,260.00.
  • On Tuesday, December 21st, Aman Narang sold 66,409 shares of Toast stock. The shares were sold at an average price of $36.06, for a total value of $2,394,708.54.

TOST stock opened at $25.20 on Friday. Toast, Inc has a 1-year low of $24.69 and a 1-year high of $69.93. The business’s 50 day simple moving average is $38.43.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $486.38 million during the quarter, compared to analyst estimates of $435.95 million. Analysts anticipate that Toast, Inc will post -1.44 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Stephens Inc. AR acquired a new position in Toast in the 3rd quarter valued at $549,000. Jennison Associates LLC bought a new stake in shares of Toast during the 3rd quarter valued at $12,488,000. Glynn Capital Management LLC bought a new stake in shares of Toast during the 3rd quarter valued at $19,980,000. WCM Investment Management LLC bought a new stake in shares of Toast during the 3rd quarter valued at $8,148,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Toast during the 3rd quarter valued at $70,000. 16.33% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on TOST. Mizuho began coverage on Toast in a research note on Thursday, October 14th. They issued a “neutral” rating and a $43.00 target price on the stock. Morgan Stanley upgraded Toast from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $63.00 to $53.00 in a research note on Thursday, December 16th. boosted their target price on Toast from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. KeyCorp assumed coverage on Toast in a research report on Monday, October 18th. They set an “overweight” rating and a $65.00 price target on the stock. Finally, Northcoast Research assumed coverage on Toast in a research report on Friday, December 10th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $58.22.

Toast Company Profile

Toast Inc builds software which helps restaurants manage online orders and dine-in order, operate an on-demand delivery network and integrate payments. Toast Inc is based in Boston.

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