Jonathan Vassil Sells 85,280 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 85,280 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20. Following the sale, the executive directly owned 69,966 shares of the company’s stock, valued at approximately $2,542,564.44. This trade represents a 54.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Vassil also recently made the following trade(s):

• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was 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 stock was sold at an average price of $36.01, for a total value of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total value of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total value of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Stock Performance

NYSE TOST opened at $37.06 on Thursday. Toast, Inc. has a one year low of $22.26 and a one year high of $45.64. The company’s 50 day moving average price is $31.15 and its 200 day moving average price is $28.23. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 47.51 and a beta of 1.72.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Sell-side analysts forecast that Toast, Inc. will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Toast

Institutional investors have recently added to or reduced their stakes in the company. Bayban purchased a new stake in shares of Toast during the fourth quarter worth about $25,000. SHP Wealth Management purchased a new position in Toast in the fourth quarter valued at about $29,000. Strive Financial Group LLC purchased a new position in Toast in the fourth quarter valued at about $29,000. Ancora Advisors LLC acquired a new stake in Toast during the 2nd quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners acquired a new stake in Toast during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler increased their price target on Toast from $32.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price objective on Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group upped their target price on Toast from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their target price on Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Citigroup raised their target price on Toast from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.