Toast (NYSE:TOST) CRO Jonathan Vassil Sells 6,530 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 6,530 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $232,206.80. Following the sale, the executive directly owned 69,932 shares of the company’s stock, valued at approximately $2,486,781.92. This trade represents a 8.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, August 4th, Jonathan Vassil sold 1,427 shares of Toast stock. The shares were sold at an average price of $48.38, for a total transaction of $69,038.26.

Toast Price Performance

Shares of NYSE:TOST opened at $36.58 on Friday. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 107.60 and a beta of 1.94. The firm has a 50 day simple moving average of $42.32 and a 200 day simple moving average of $40.78. Toast, Inc. has a one year low of $27.65 and a one year high of $49.66.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Toast had a net margin of 4.07% and a return on equity of 14.19%. Toast’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS. As a group, analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TOST. DA Davidson increased their price objective on shares of Toast from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Morgan Stanley raised their price target on shares of Toast from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Barclays reaffirmed an “overweight” rating on shares of Toast in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Toast from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price target on shares of Toast from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.30.

Institutional Investors Weigh In On Toast

Large investors have recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in Toast in the second quarter worth $30,000. Ameritas Advisory Services LLC acquired a new stake in Toast in the second quarter worth $31,000. Wayfinding Financial LLC acquired a new stake in Toast in the first quarter worth $34,000. REAP Financial Group LLC grew its holdings in Toast by 173.3% in the second quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock worth $35,000 after purchasing an additional 506 shares during the period. Finally, Piscataqua Savings Bank grew its holdings in Toast by 57.1% in the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.