Toast (NYSE:TOST) Stock: Insider Jonathan Vassil Sells 7,623 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 7,623 shares of Toast stock in a transaction on Monday, October 5th. The stock was sold at an average price of $30.19, for a total value of $230,138.37. Following the sale, the executive directly owned 77,424 shares of the company’s stock, valued at approximately $2,337,430.56. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The stock was sold at an average price of $29.69, for a total value of $399,775.85.
• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.90, for a total value of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total transaction of $169,294.00.
• 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.

Toast Stock Up 0.7%

Shares of TOST traded up $0.21 during trading hours on Tuesday, reaching $30.25. The stock had a trading volume of 5,656,858 shares, compared to its average volume of 11,141,606. The company has a market cap of $15.55 billion, a P/E ratio of 38.78 and a beta of 1.74. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $39.72. The firm has a 50-day moving average of $33.04 and a 200 day moving average of $28.98.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. As a group, equities analysts expect that Toast, Inc. will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Toast by 36.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock worth $211,478,000 after buying an additional 2,111,009 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Toast by 5.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,579,046 shares of the company’s stock valued at $162,602,000 after acquiring an additional 235,572 shares during the last quarter. Bank of America Corp DE increased its position in shares of Toast by 10.6% in the first quarter. Bank of America Corp DE now owns 4,866,197 shares of the company’s stock valued at $129,003,000 after acquiring an additional 465,006 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Toast by 25.1% in the first quarter. Renaissance Technologies LLC now owns 4,321,437 shares of the company’s stock valued at $114,561,000 after acquiring an additional 867,509 shares during the last quarter. Finally, Amova Asset Management Americas Inc. raised its holdings in Toast by 0.4% during the first quarter. Amova Asset Management Americas Inc. now owns 3,817,961 shares of the company’s stock worth $101,176,000 after acquiring an additional 16,614 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TOST. Evercore reiterated an “outperform” rating on shares of Toast in a research report on Wednesday, August 5th. UBS Group raised their target price on shares of Toast from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. DA Davidson lifted their price target on shares of Toast from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a report on Monday, August 17th. Finally, The Goldman Sachs Group raised shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, July 9th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.12.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast introduced a new Toast IQ team and expanded Toast IQ Grow capabilities, aiming to help restaurants improve profits, attract guests and manage labor more effectively. The initiative could strengthen Toast’s software value proposition, increase customer engagement and support additional revenue opportunities over time. New Toast IQ Team and Expanded Toast IQ Grow
• Neutral Sentiment: Five senior executives—including CEO Aman Narang, CFO Elena Gomez, CRO Jonathan Vassil, President Stephen Fredette and General Counsel Brian Elworthy—sold a combined 55,939 shares worth approximately $1.65 million. The filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax-withholding obligations from equity vesting, reducing their significance as a bearish signal. Toast executive Form 4 filings

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.