Jonathan Vassil Sells 4,700 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $36.02, for a total transaction of $169,294.00. Following the completion of the transaction, the executive directly owned 69,966 shares in the company, valued at $2,520,175.32. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $32.89, for a total transaction of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The shares were sold at an average price of $28.85, for a total value of $191,765.95.

Toast Stock Down 0.7%

NYSE:TOST traded down $0.26 during midday trading on Friday, hitting $34.47. The stock had a trading volume of 10,398,928 shares, compared to its average volume of 11,830,787. Toast, Inc. has a one year low of $22.26 and a one year high of $46.11. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 44.19 and a beta of 1.72. The stock has a 50-day moving average of $28.28 and a 200 day moving average of $27.85.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, sell-side analysts anticipate that Toast, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of Toast

A number of institutional investors have recently modified their holdings of TOST. Norges Bank acquired a new stake in Toast during the 4th quarter worth about $202,808,000. ValueAct Holdings L.P. increased its holdings in shares of Toast by 135.9% in the fourth quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company’s stock valued at $284,622,000 after purchasing an additional 4,618,077 shares during the period. XN LP raised its stake in shares of Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock worth $319,178,000 after purchasing an additional 3,029,856 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Toast by 36.0% during the first quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock worth $211,478,000 after purchasing an additional 2,111,009 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its position in Toast by 343.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,792,209 shares of the company’s stock valued at $79,377,000 after buying an additional 1,388,210 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TOST shares. Robert W. Baird increased their target price on shares of Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Sanford C. Bernstein boosted their price target on shares of Toast from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research cut shares of Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price objective on shares of Toast from $31.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Rothschild & Co Redburn reissued a “neutral” rating and set a $35.00 price objective on shares of Toast in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.62.

Toast Company Profile

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.