Elena Gomez Sells 12,500 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $25.43, for a total transaction of $317,875.00. Following the transaction, the chief financial officer now owns 200,561 shares in the company, valued at approximately $5,100,266.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 8th, Elena Gomez sold 12,500 shares of Toast stock. The shares were sold at an average price of $26.39, for a total transaction of $329,875.00.

Toast Trading Down 2.6 %

Shares of NYSE TOST opened at $25.31 on Friday. The firm’s 50 day moving average price is $24.72 and its 200-day moving average price is $22.25. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.90.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, research analysts expect that Toast, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its position in Toast by 1.0% during the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after purchasing an additional 436 shares during the period. Wellington Shields & Co. LLC lifted its position in Toast by 3.1% during the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after purchasing an additional 500 shares during the period. Comerica Bank lifted its position in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Toast by 5.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock valued at $255,000 after buying an additional 774 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Toast by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 155,598 shares of the company’s stock valued at $2,914,000 after buying an additional 790 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TOST shares. Wells Fargo & Company boosted their price target on shares of Toast from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, May 8th. Piper Sandler boosted their price target on shares of Toast from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Robert W. Baird cut shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Tuesday, May 21st. Canaccord Genuity Group upped their price objective on shares of Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, UBS Group upped their price objective on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Toast has a consensus rating of “Hold” and a consensus price target of $26.14.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.