Toast (NYSE:TOST) CRO Sells 14,280 Shares of Stock

Toast, Inc. (NYSE:TOST – Get Free Report) CRO Jonathan Vassil sold 14,280 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $33.70, for a total value of $481,236.00. Following the completion of the transaction, the executive owned 77,424 shares in the company, valued at $2,609,188.80. The trade was a 15.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The stock was sold at an average price of $30.19, for a total value of $230,138.37.
  • On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The shares were sold at an average price of $29.69, for a total transaction of $399,775.85.
  • On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.90, for a total transaction of $484,092.00.
  • On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20.
  • 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 transaction of $501,655.31.
  • On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $496,829.97.

Toast Stock Up 5.6%

NYSE TOST traded up $1.86 on Wednesday, reaching $35.40. The company had a trading volume of 20,822,185 shares, compared to its average volume of 10,919,146. The stock has a market capitalization of $18.19 billion, a PE ratio of 45.38 and a beta of 1.74. The firm’s 50 day moving average price is $31.93 and its 200 day moving average price is $29.38. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $39.67.

Toast (NYSE:TOST – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Toast had a return on equity of 23.90% and a net margin of 7.14%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, research analysts expect that Toast, Inc. will post 1.00 EPS for the current year.

Institutional Investors Weigh In On Toast

Several institutional investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new stake in Toast during the 3rd quarter valued at $26,000. Ancora Advisors LLC bought a new stake in Toast in the second quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Toast during the third quarter worth $32,000. Montag A & Associates Inc. increased its position in Toast by 172.0% during the first quarter. Montag A & Associates Inc. now owns 1,455 shares of the company’s stock valued at $39,000 after acquiring an additional 920 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Toast by 213.6% in the second quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company’s stock valued at $44,000 after acquiring an additional 1,068 shares during the period. 82.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America assumed coverage on Toast in a research note on Thursday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Research lowered shares of Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Canaccord Genuity Group set a $40.00 price target on shares of Toast in a research report on Wednesday, August 5th. Oppenheimer upped their price target on shares of Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird increased their price objective on shares of Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

View Our Latest Stock Report on TOST

Key Stories Impacting Toast

Here are the key news stories impacting Toast this week:

Toast Company Profile

(Get Free Report)

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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