Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato Sells 145,000 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the sale, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Toast Stock Performance

NYSE TOST traded up $1.65 during trading on Friday, reaching $37.58. 10,693,152 shares of the company traded hands, compared to its average volume of 7,395,718. Toast, Inc. has a 1-year low of $16.13 and a 1-year high of $44.12. The company has a market cap of $17.70 billion, a price-to-earnings ratio of -289.08, a P/E/G ratio of 23.40 and a beta of 1.93. The stock’s 50 day moving average price is $36.04 and its two-hundred day moving average price is $29.01.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wedbush increased their price target on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $45.00 price objective (up from $34.00) on shares of Toast in a report on Monday, December 2nd. Finally, 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 note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.81.

Institutional Trading of Toast

Institutional investors have recently bought and sold shares of the stock. West Branch Capital LLC acquired a new position in Toast during the second quarter worth $26,000. Toth Financial Advisory Corp bought a new stake in shares of Toast in the 3rd quarter worth about $28,000. 1620 Investment Advisors Inc. bought a new stake in shares of Toast in the 2nd quarter worth about $34,000. Raleigh Capital Management Inc. increased its position in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.