Insider Selling: Toast, Inc. (NYSE:TOST) CRO Sells $39,867.78 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,006 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the transaction, the executive now directly owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jonathan Vassil also recently made the following trade(s):

• On Friday, November 8th, Jonathan Vassil sold 100,000 shares of Toast stock. The stock was sold at an average price of $36.55, for a total transaction of $3,655,000.00.

Toast Stock Down 1.8 %

Toast stock opened at $41.21 on Friday. Toast, Inc. has a 12-month low of $18.47 and a 12-month high of $44.12. The stock has a 50-day simple moving average of $38.43 and a 200 day simple moving average of $32.31.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same period last year, the company earned ($0.09) earnings per share. Sell-side analysts anticipate that Toast, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Toast

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in shares of Toast by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,883 shares of the company’s stock valued at $2,522,000 after purchasing an additional 8,186 shares during the period. Truist Financial Corp acquired a new position in Toast in the second quarter valued at about $618,000. Atomi Financial Group Inc. bought a new position in Toast during the third quarter worth about $330,000. Trevian Wealth Management LLC acquired a new position in shares of Toast during the 3rd quarter worth about $1,398,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Toast in the 3rd quarter valued at approximately $82,000. 82.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

TOST has been the subject of several research reports. Robert W. Baird increased their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. BNP Paribas lowered Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Wednesday, November 20th. Morgan Stanley boosted their price objective on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Stephens raised their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Piper Sandler boosted their price target on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Toast has an average rating of “Hold” and an average target price of $36.09.

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.