Toast, Inc. (NYSE:TOST) CFO Sells $329,875.00 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of Toast stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total value of $329,875.00. Following the sale, the chief financial officer now owns 176,980 shares in the company, valued at $4,670,502.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Elena Gomez also recently made the following trade(s):

• On Tuesday, April 2nd, Elena Gomez sold 15,063 shares of Toast stock. The stock was sold at an average price of $23.40, for a total transaction of $352,474.20.

Toast Stock Performance

Shares of TOST stock opened at $27.08 on Friday. Toast, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $27.57. The firm has a market cap of $12.22 billion, a P/E ratio of -52.59 and a beta of 1.77. The business’s 50 day moving average price is $23.79 and its 200-day moving average price is $19.62.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted ($0.16) earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. As a group, equities analysts predict that Toast, Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TOST shares. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Thursday, March 7th. Needham & Company LLC boosted their price target on shares of Toast from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Toast from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Piper Sandler raised their price target on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.80.

Hedge Funds Weigh In On Toast

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Toast by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after acquiring an additional 1,598,248 shares in the last quarter. Capital International Investors lifted its stake in shares of Toast by 9.1% in the 4th quarter. Capital International Investors now owns 29,349,685 shares of the company’s stock valued at $535,925,000 after purchasing an additional 2,449,778 shares during the period. HMI Capital Management L.P. boosted its position in shares of Toast by 5.6% during the fourth quarter. HMI Capital Management L.P. now owns 15,189,265 shares of the company’s stock valued at $277,356,000 after purchasing an additional 808,244 shares in the last quarter. Morgan Stanley boosted its position in shares of Toast by 149.3% during the third quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock valued at $224,896,000 after purchasing an additional 7,191,595 shares in the last quarter. Finally, Abdiel Capital Advisors LP lifted its position in Toast by 0.3% during the 4th quarter. Abdiel Capital Advisors LP now owns 10,913,464 shares of the company’s stock valued at $199,280,000 after acquiring an additional 37,091 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

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.