Insider Selling: Toast, Inc. (NYSE:TOST) CFO Sells $59,580.36 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,917 shares of Toast stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $59,580.36. Following the completion of the sale, the chief financial officer now directly owns 159,615 shares in the company, valued at $4,960,834.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, October 18th, Elena Gomez sold 31,248 shares of Toast stock. The shares were sold at an average price of $30.37, for a total value of $949,001.76.
• 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.

Toast Stock Up 1.5 %

Shares of NYSE:TOST opened at $32.61 on Friday. The business has a fifty day simple moving average of $27.94 and a 200-day simple moving average of $25.86. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $33.01.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted ($0.19) EPS. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, equities analysts forecast 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. Bank of America upped their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. increased their target price on shares of Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Finally, Stephens boosted 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.30.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently bought and sold shares of TOST. Whale Rock Capital Management LLC acquired a new position in shares of Toast in the 1st quarter valued at $179,111,000. Assenagon Asset Management S.A. grew its position in Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares during the period. Capital International Investors grew its position in Toast by 12.2% during 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 period. Price T Rowe Associates Inc. MD increased its stake in Toast by 21.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after acquiring an additional 3,445,788 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Toast by 175.8% in the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock worth $64,871,000 after purchasing an additional 1,604,716 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.