Jonathan Vassil Sells 1,006 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,006 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now directly owns 48,488 shares in the company, valued at approximately $1,921,579.44. The trade was a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, November 8th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $36.55, for a total value of $3,655,000.00.

Toast Stock Performance

NYSE TOST opened at $41.31 on Thursday. The company has a 50-day moving average price of $38.46 and a two-hundred day moving average price of $32.25. Toast, Inc. has a 52 week low of $18.14 and a 52 week high of $44.12.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted ($0.09) EPS. Equities research analysts expect that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on TOST. Robert W. Baird increased their target price on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Wednesday, November 20th. Compass Point assumed coverage on shares of Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus target price of $35.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after purchasing an additional 8,205,053 shares during the period. ValueAct Holdings L.P. bought a new position in Toast in the 3rd quarter valued at about $438,301,000. State Street Corp increased its stake in Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company’s stock valued at $235,689,000 after buying an additional 206,789 shares during the period. Geode Capital Management LLC raised its position in shares of Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after buying an additional 155,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after acquiring an additional 3,701,893 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.