Toast, Inc. (NYSE:TOST) Director Richard Kent Bennett Sells 22,885 Shares

Toast, Inc. (NYSE:TOST) Director Richard Kent Bennett sold 22,885 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the transaction, the director now directly owns 395,706 shares of the company’s stock, valued at $16,603,823.76. The trade was a 5.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richard Kent Bennett also recently made the following trade(s):

• On Tuesday, November 12th, Richard Kent Bennett sold 100,000 shares of Toast stock. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00.

Toast Trading Up 0.8 %

TOST stock traded up $0.36 during trading hours on Friday, hitting $42.72. 12,541,526 shares of the stock traded hands, compared to its average volume of 7,405,761. The company has a market cap of $20.12 billion, a P/E ratio of -329.46, a P/E/G ratio of 54.16 and a beta of 1.74. Toast, Inc. has a one year low of $13.92 and a one year high of $43.29. The stock has a 50-day simple moving average of $31.12 and a 200 day simple moving average of $27.05.

Wall Street Analyst Weigh In

TOST has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. DA Davidson boosted their target price on Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Piper Sandler increased their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Toast in a report on Wednesday, August 7th. Finally, BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.86.

Institutional Investors Weigh In On Toast

Hedge funds have recently modified their holdings of the stock. West Branch Capital LLC bought a new position in shares of Toast during the 2nd quarter valued at $26,000. LRI Investments LLC bought a new stake in Toast during the first quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in Toast in the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast during the second quarter valued at about $33,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Toast during the 2nd quarter valued at approximately $34,000. 82.91% of the stock is 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.