Insider Selling: Toast, Inc. (NYSE:TOST) CFO Sells 12,500 Shares of Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $28.41, for a total value of $355,125.00. Following the completion of the transaction, the chief financial officer now directly owns 207,518 shares of the company’s stock, valued at $5,895,586.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $51,888.00.

Toast Stock Up 1.6 %

Shares of Toast stock traded up $0.45 during trading hours on Thursday, hitting $27.88. The company’s stock had a trading volume of 4,139,426 shares, compared to its average volume of 7,319,380. The business has a fifty day moving average of $25.27 and a 200 day moving average of $24.77. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $29.92. The company has a market capitalization of $12.85 billion, a PE ratio of -55.38 and a beta of 1.75.

Toast (NYSE:TOST) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted ($0.19) earnings per share. The firm’s revenue was up 27.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toast

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after buying an additional 421 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Toast by 1.0% during the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock worth $1,080,000 after acquiring an additional 436 shares during the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of Toast by 3.1% in the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after acquiring an additional 500 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Toast by 8.4% in the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after purchasing an additional 520 shares during the last quarter. Finally, Comerica Bank grew its stake in Toast by 10.9% during the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $29.00 target price on shares of Toast in a report on Thursday, September 12th. Bank of America upped their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Morgan Stanley lifted their target price on shares of Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. Finally, Mizuho raised Toast from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Toast Company Profile

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.