Toast, Inc. (NYSE:TOST) CRO Sells $1,145,000.00 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 50,000 shares of Toast stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $22.90, for a total value of $1,145,000.00. Following the transaction, the executive now directly owns 25,422 shares in the company, valued at approximately $582,163.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, April 2nd, Jonathan Vassil sold 2,282 shares of Toast stock. The stock was sold at an average price of $23.40, for a total value of $53,398.80.
• On Wednesday, March 13th, Jonathan Vassil sold 100,000 shares of Toast stock. The stock was sold at an average price of $25.24, for a total value of $2,524,000.00.
• On Friday, February 2nd, Jonathan Vassil sold 916 shares of Toast stock. The stock was sold at an average price of $18.72, for a total value of $17,147.52.

Toast Stock Performance

Shares of TOST stock opened at $21.61 on Friday. The stock has a fifty day moving average price of $23.07 and a 200 day moving average price of $19.03. The stock has a market cap of $9.44 billion, a PE ratio of -42.37 and a beta of 1.79. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. Toast’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, equities research analysts predict that Toast, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. Raymond James & Associates raised its holdings in Toast by 115.4% during the first quarter. Raymond James & Associates now owns 24,946 shares of the company’s stock worth $542,000 after purchasing an additional 13,364 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Toast by 78.2% in the first quarter. HighTower Advisors LLC now owns 28,356 shares of the company’s stock worth $616,000 after acquiring an additional 12,446 shares during the last quarter. Citigroup Inc. acquired a new position in shares of Toast in the first quarter worth $438,000. Ergoteles LLC acquired a new position in shares of Toast in the first quarter worth $2,427,000. Finally, First Trust Advisors LP acquired a new position in shares of Toast in the first quarter worth $33,356,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TOST shares. UBS Group lifted their price target on Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Evercore ISI began coverage on Toast in a research note on Monday, March 4th. They issued an “outperform” rating and a $32.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $23.00 target price on shares of Toast in a research note on Thursday, April 11th. Piper Sandler lifted their target price on Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, BNP Paribas upgraded Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.32.

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.