Toast (NYSE:TOST) CRO Sells $191,765.95 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 6,647 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95. Following the completion of the transaction, the executive owned 69,966 shares of the company’s stock, valued at $2,018,519.10. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Toast Stock Performance

NYSE:TOST opened at $28.58 on Thursday. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $49.66. The stock has a market capitalization of $14.75 billion, a P/E ratio of 43.97 and a beta of 1.74. The company’s 50-day simple moving average is $25.68 and its 200-day simple moving average is $28.52.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bayban purchased a new position in shares of Toast in the fourth quarter worth $25,000. SHP Wealth Management acquired a new position in shares of Toast in the 4th quarter valued at $29,000. Strive Financial Group LLC acquired a new position in shares of Toast in the 4th quarter valued at $29,000. Central Pacific Bank Trust Division raised 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 acquiring an additional 521 shares during the last quarter. Finally, Silicon Valley Capital Partners acquired a new stake in Toast during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TOST. Morgan Stanley set a $45.00 price target on shares of Toast in a report on Friday, May 8th. Mizuho decreased their price objective on Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research report on Wednesday, May 20th. Truist Financial dropped their target price on Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded Toast from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.41.

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.