Insider Selling: Toast, Inc. (NYSE:TOST) CRO Sells 1,367 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at $1,238,040.72. 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.

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

• On Friday, October 18th, Jonathan Vassil sold 50,000 shares of Toast stock. The shares were sold at an average price of $30.39, for a total transaction of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The shares were sold at an average price of $27.77, for a total transaction of $132,740.60.

Toast Price Performance

NYSE:TOST opened at $32.61 on Friday. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $33.01. The stock has a 50-day moving average price of $27.94 and a two-hundred day moving average price of $25.86.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion during 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 company’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) earnings per share. Research analysts expect that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TOST shares. Morgan Stanley boosted their target price on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and increased their price target for the company from $21.00 to $33.00 in a research note on Thursday, July 18th. Robert W. Baird boosted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of Toast in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors boosted its position in shares of Toast by 12.2% during the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after buying an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 buying an additional 3,445,788 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Toast by 9.1% during the first quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock worth $248,611,000 after buying an additional 833,390 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Toast during the first quarter worth about $179,111,000. Finally, Meritage Group LP boosted its position in shares of Toast by 37.3% during the first quarter. Meritage Group LP now owns 5,284,811 shares of the company’s stock worth $131,697,000 after buying an additional 1,436,494 shares during the period. 82.91% of the stock is 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.