Insider Selling: Toast, Inc. (NYSE:TOST) CFO Sells 1,917 Shares of Stock

Toast, Inc. (NYSE:TOSTGet Free Report) CFO Elena Gomez sold 1,917 shares of the firm’s 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 transaction, the chief financial officer now directly owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $28.41, for a total value of $355,125.00.

Toast Trading Up 4.3 %

NYSE TOST opened at $32.14 on Thursday. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $32.15. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of -110.82 and a beta of 1.74. The company’s 50 day moving average is $27.78 and its two-hundred day moving average is $25.81.

Toast (NYSE:TOSTGet Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned ($0.19) EPS. The firm’s revenue was up 27.0% compared to the same quarter last year. Sell-side analysts forecast that Toast, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TOST shares. Wedbush raised Toast to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Stephens lifted their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their target price on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.30.

View Our Latest Report on Toast

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Whale Rock Capital Management LLC bought a new stake in Toast during the 1st quarter worth approximately $179,111,000. Assenagon Asset Management S.A. raised its position in shares of 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 buying an additional 3,701,893 shares during the last quarter. Capital International Investors raised 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 valued at $820,468,000 after buying an additional 3,574,397 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $486,557,000 after buying an additional 3,445,788 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Toast by 175.8% during the second quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock valued at $64,871,000 after buying an additional 1,604,716 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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