Elena Gomez Sells 1,437 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,437 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $43,598.58. Following the transaction, the chief financial officer directly owned 164,629 shares in the company, valued at approximately $4,994,843.86. The trade was a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Price Performance

Shares of Toast stock traded up $0.03 on Wednesday, hitting $28.28. The company had a trading volume of 22,144,637 shares, compared to its average volume of 10,427,690. Toast, Inc. has a 52 week low of $27.28 and a 52 week high of $49.66. The company has a market cap of $14.56 billion, a PE ratio of 65.77 and a beta of 1.93. The business has a 50-day simple moving average of $34.61 and a 200-day simple moving average of $38.27.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.Toast’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. On average, equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Toast

Several institutional investors and hedge funds have recently bought and sold shares of TOST. Quent Capital LLC purchased a new stake in Toast during the third quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in shares of Toast during the second quarter valued at approximately $30,000. Alpine Bank Wealth Management acquired a new stake in shares of Toast during the third quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Toast in the 2nd quarter valued at approximately $31,000. Finally, Central Pacific Bank Trust Division boosted its stake in Toast by 123.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Toast in a report on Monday, December 29th. BNP Paribas Exane upgraded shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Monday, December 1st. Jefferies Financial Group restated a “buy” rating on shares of Toast in a research report on Tuesday. DA Davidson lowered their price objective on shares of Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Evercore ISI raised shares of Toast from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Toast currently has an average rating of “Moderate Buy” and an average price target of $45.55.

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.