Jonathan Vassil Sells 50,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $30.39, for a total value of $1,519,500.00. Following the completion of the transaction, the executive now owns 38,266 shares of the company’s stock, valued at $1,162,903.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The stock was sold at an average price of $27.77, for a total value of $132,740.60.
• On Friday, August 2nd, Jonathan Vassil sold 1,541 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $36,984.00.

Toast Price Performance

NYSE TOST traded down $0.15 during midday trading on Tuesday, hitting $29.37. 3,359,701 shares of the company traded hands, compared to its average volume of 7,150,183. The company has a market cap of $13.30 billion, a PE ratio of -58.88 and a beta of 1.76. The company’s 50-day simple moving average is $26.37 and its 200-day simple moving average is $25.22. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $30.70.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted ($0.19) EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, research analysts predict that Toast, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

TOST has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Toast in a report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price target on shares of Toast in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently made changes to their positions in TOST. Northwestern Mutual Wealth Management Co. raised its stake in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after acquiring an additional 421 shares during the last quarter. Park Avenue Securities LLC raised its stake in Toast by 1.0% in the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock worth $1,080,000 after acquiring an additional 436 shares during the last quarter. Private Advisor Group LLC raised its stake in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after acquiring an additional 441 shares during the last quarter. Wellington Shields & Co. LLC raised its stake in Toast by 3.1% in the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after acquiring an additional 500 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Toast by 8.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after acquiring an additional 520 shares during the last quarter. Hedge funds and other institutional investors 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.