Insider Selling: Toast, Inc. (NYSE:TOST) CRO Sells 100,000 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 100,000 shares of Toast stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.55, for a total value of $3,655,000.00. Following the sale, the executive now owns 39,834 shares in the company, valued at $1,455,932.70. The trade was a 71.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 4th, Jonathan Vassil sold 1,367 shares of Toast stock. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36.
• 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 value of $132,740.60.

Toast Stock Performance

Shares of Toast stock opened at $40.36 on Friday. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $40.65. The company has a fifty day moving average of $29.08 and a 200-day moving average of $26.32. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of -310.46 and a beta of 1.74.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their target price on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Morgan Stanley upped their price target 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. Finally, Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. West Branch Capital LLC purchased a new stake in Toast during the 2nd quarter valued at about $26,000. LRI Investments LLC purchased a new stake in shares of Toast during the first quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Toast in the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toast in the second quarter worth $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Toast during the 2nd quarter valued at $34,000. 82.91% of the stock is owned by institutional investors.

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.