Toast (NYSE:TOST) CRO Jonathan Vassil Sells 4,600 Shares of Company Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,600 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $36.00, for a total transaction of $165,600.00. Following the completion of the sale, the executive directly owned 77,424 shares of the company’s stock, valued at $2,787,264. This trade represents a 5.61% decrease in their position. The sale was disclosed in a filing with the SEC, 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, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.70, for a total transaction of $481,236.00.
• On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The shares were sold at an average price of $30.19, for a total transaction of $230,138.37.
• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The shares were 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 stock was 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 value 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 value of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total value of $496,829.97.

Toast Stock Performance

TOST traded down $0.52 on Friday, hitting $34.64. 9,490,520 shares of the company were exchanged, compared to its average volume of 7,706,938. The firm has a fifty day simple moving average of $31.86 and a two-hundred day simple moving average of $29.41. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $38.64. The stock has a market capitalization of $17.80 billion, a PE ratio of 38.06 and a beta of 1.74.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Toast had a net margin of 7.14% and a return on equity of 23.90%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities analysts expect that Toast, Inc. will post 1.00 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TOST shares. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Toast in a report on Wednesday. BMO Capital Markets boosted their price target on Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their price target on Toast from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. BTIG Research reiterated a “neutral” rating on shares of Toast in a report on Thursday, August 27th. Finally, Oppenheimer lifted their price objective on Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.65.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently modified their holdings of TOST. Principal Financial Group Inc. lifted its holdings in Toast by 36.0% in the first 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 during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Toast by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950,962 shares of the company’s stock worth $201,508,000 after acquiring an additional 89,316 shares during the period. Bank of America Corp DE grew its holdings in shares of Toast by 10.6% during the 1st quarter. Bank of America Corp DE now owns 4,866,197 shares of the company’s stock worth $129,003,000 after acquiring an additional 465,006 shares during the period. Renaissance Technologies LLC raised its position in shares of Toast by 25.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,321,437 shares of the company’s stock worth $114,561,000 after acquiring an additional 867,509 shares in the last quarter. Finally, Amova Asset Management Americas Inc. raised its position in shares of Toast by 0.4% in the 1st 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. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.