Toast, Inc. (NYSE:TOST) CFO Sells $949,001.76 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 31,248 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $30.37, for a total value of $949,001.76. Following the completion of the sale, the chief financial officer now directly owns 157,620 shares of the company’s stock, valued at $4,786,919.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Elena Gomez also recently made the following trade(s):

• On Tuesday, October 1st, Elena Gomez sold 12,500 shares of Toast stock. The stock was sold at an average price of $28.41, for a total value of $355,125.00.
• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $51,888.00.

Toast Trading Down 0.5 %

NYSE:TOST traded down $0.15 during trading hours on Tuesday, hitting $29.37. 3,359,701 shares of the stock were exchanged, compared to its average volume of 7,150,183. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $30.70. The firm’s fifty day moving average price is $26.37 and its 200 day moving average price is $25.22. The company has a market cap of $13.30 billion, a P/E ratio of -58.88 and a beta of 1.76.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. Equities analysts expect that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TOST. JPMorgan Chase & Co. raised their price objective on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Robert W. Baird lifted their price target on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Bank of America lifted their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of Toast in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toast has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Toast by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after acquiring an additional 1,598,248 shares during the last quarter. Capital International Investors lifted its holdings in Toast by 12.2% in the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after acquiring an additional 3,574,397 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Toast by 21.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after purchasing an additional 3,445,788 shares during the period. Champlain Investment Partners LLC raised its position in Toast by 9.1% in the first quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock valued at $248,611,000 after purchasing an additional 833,390 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in Toast in the first quarter valued at approximately $179,111,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.