Toast, Inc. (NYSE:TOST) Director Sells $5,225,800.00 in Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the sale, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Stock Up 4.6 %

TOST opened at $37.58 on Monday. Toast, Inc. has a 52 week low of $16.13 and a 52 week high of $44.12. The business has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $29.20. The company has a market cap of $17.70 billion, a PE ratio of -289.08, a P/E/G ratio of 23.40 and a beta of 1.93.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TOST shares. Morgan Stanley upped their target price on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Piper Sandler upped their price objective on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Robert W. Baird lifted their target price on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Stephens upped their price target on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Toast currently has an average rating of “Hold” and an average target price of $34.81.

Institutional Investors Weigh In On Toast

Several large investors have recently modified their holdings of TOST. West Branch Capital LLC purchased a new position in Toast in the 2nd quarter valued at $26,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast in the third quarter valued at about $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of Toast during the second quarter worth about $34,000. Raleigh Capital Management Inc. increased its stake in shares of Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 720 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.