Toast, Inc. (NYSE:TOST) CRO Sells $3,655,000.00 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $36.55, for a total transaction of $3,655,000.00. Following the completion of the transaction, the executive now directly owns 39,834 shares of the company’s stock, valued at approximately $1,455,932.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 stock was sold at an average price of $27.77, for a total value of $132,740.60.

Toast Trading Up 3.9 %

Shares of NYSE TOST traded up $1.48 during mid-day trading on Tuesday, reaching $39.43. The company had a trading volume of 12,544,074 shares, compared to its average volume of 7,278,629. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $39.80. The business’s 50-day moving average is $28.45 and its 200-day moving average is $26.11. The stock has a market cap of $18.18 billion, a price-to-earnings ratio of -304.31 and a beta of 1.74.

Hedge Funds Weigh In On Toast

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TOST shares. The Goldman Sachs Group upped their target price on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Robert W. Baird raised their target price on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America raised their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.75.

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.