Toast (NYSE:TOST) CEO Aman Narang Sells 8,591 Shares of Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 8,591 shares of Toast stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $34.38, for a total value of $295,358.58. Following the completion of the transaction, the chief executive officer owned 338,850 shares in the company, valued at approximately $11,649,663. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aman Narang also recently made the following trade(s):

• On Tuesday, November 4th, Aman Narang sold 1,732 shares of Toast stock. The shares were sold at an average price of $35.54, for a total value of $61,555.28.

Toast Price Performance

Shares of Toast stock opened at $36.10 on Wednesday. The business’s 50 day simple moving average is $35.44 and its two-hundred day simple moving average is $39.75. The stock has a market capitalization of $18.59 billion, a P/E ratio of 83.95 and a beta of 1.93. Toast, Inc. has a one year low of $28.12 and a one year high of $49.66.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 4.68% and a return on equity of 15.77%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Sell-side analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TOST. Wolfe Research restated an “outperform” rating and issued a $48.00 price objective on shares of Toast in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $45.00 price target on Toast in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price target for the company in a research report on Thursday, December 4th. Wells Fargo & Company upgraded Toast to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reduced their target price on Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Toast has a consensus rating of “Moderate Buy” and a consensus price target of $45.18.

Trending Headlines about Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue growth and analyst support — Toast’s latest quarter showed 25% year‑over‑year revenue growth and revenue slightly above consensus, and several brokers still rate the shares a buy or outperform, providing a constructive backdrop for long‑term revenue momentum. MarketBeat TOST page
• Neutral Sentiment: High institutional ownership and mixed analyst views — About 82.9% of the float is institutionally held; analyst consensus is a “Moderate Buy” with an average price target near $45, so expectations remain moderately positive but not unanimous.
• Negative Sentiment: Large CRO sale (Jan. 2) — Chief Revenue Officer Jonathan Vassil sold 66,390 shares at ~$35.86 for ~$2.38M, reducing his stake ~44%. This is a material reduction by a senior officer. SEC Form 4
• Negative Sentiment: Additional Jan. 5 insider sales — CEO Aman Narang sold 8,591 shares at $34.38 (~$295k). CFO Elena Gomez sold 6,672 shares (~$229k). President Stephen Fredette sold 4,866 shares (~$167k). General Counsel Brian Elworthy sold 3,303 shares (~$114k). Each sale modestly reduced their holdings. CEO SEC CFO SEC President SEC GC SEC

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in Toast by 2,432.8% during the third quarter. Alliancebernstein L.P. now owns 8,215,758 shares of the company’s stock valued at $299,957,000 after buying an additional 7,891,383 shares during the period. Jennison Associates LLC increased its stake in shares of Toast by 331.0% in the 2nd quarter. Jennison Associates LLC now owns 8,601,887 shares of the company’s stock worth $380,978,000 after acquiring an additional 6,606,245 shares in the last quarter. Norges Bank bought a new position in shares of Toast in the 2nd quarter worth about $219,324,000. Marshall Wace LLP lifted its position in Toast by 108.3% during the 2nd quarter. Marshall Wace LLP now owns 7,887,409 shares of the company’s stock valued at $349,333,000 after acquiring an additional 4,100,104 shares during the period. Finally, ValueAct Holdings L.P. bought a new stake in Toast during the third quarter worth about $124,032,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.