Insider Selling: Toast, Inc. (NYSE:TOST) CRO Sells 1,541 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,541 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total value of $36,984.00. Following the transaction, the executive now owns 33,312 shares of the company’s stock, valued at approximately $799,488. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, July 15th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $25.55, for a total value of $2,555,000.00.
• On Tuesday, July 2nd, Jonathan Vassil sold 4,712 shares of Toast stock. The shares were sold at an average price of $25.64, for a total value of $120,815.68.
• On Thursday, May 23rd, Jonathan Vassil sold 50,000 shares of Toast stock. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00.

Toast Trading Down 2.2 %

NYSE TOST traded down $0.54 on Monday, hitting $23.91. 9,581,568 shares of the company’s stock were exchanged, compared to its average volume of 7,834,295. The stock has a 50-day moving average of $24.82 and a 200-day moving average of $23.43. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.90. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of -47.84 and a beta of 1.76.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) earnings per share. As a group, analysts predict that Toast, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TOST shares. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Toast in a report on Thursday, May 30th. Royal Bank of Canada lifted their target price on Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group boosted their price target on Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Baird R W cut Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Mizuho upgraded Toast from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $21.00 to $33.00 in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toast currently has an average rating of “Hold” and an average price target of $26.65.

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently bought and sold shares of TOST. West Branch Capital LLC acquired a new stake in Toast during the 2nd quarter worth about $26,000. LRI Investments LLC bought a new position in shares of Toast during the 1st quarter worth about $27,000. Principal Securities Inc. bought a new position in shares of Toast during the 4th quarter worth about $30,000. Cape Investment Advisory Inc. bought a new position in shares of Toast during the 4th quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast during the 2nd quarter worth about $33,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.