Toast (NYSE:TOST) General Counsel Sells $113,557.14 in Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian Elworthy sold 3,303 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $34.38, for a total transaction of $113,557.14. Following the transaction, the general counsel directly owned 235,757 shares in the company, valued at $8,105,325.66. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Toast Stock Up 4.6%

Shares of NYSE:TOST traded up $1.60 on Tuesday, reaching $36.10. The company had a trading volume of 9,837,785 shares, compared to its average volume of 10,598,915. The stock has a market capitalization of $18.59 billion, a P/E ratio of 83.95 and a beta of 1.93. The stock has a 50-day moving average price of $35.46 and a 200 day moving average price of $39.80. Toast, Inc. has a twelve month low of $28.12 and a twelve month high of $49.66.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a return on equity of 15.77% and a net margin of 4.68%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, sell-side analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Revenue growth and analyst coverage: Toast reported +25.1% year?over?year revenue and topped revenue estimates, and the stock still carries a consensus “Moderate Buy” with an average price target above the current market. MarketBeat TOST Summary
• Neutral Sentiment: High institutional ownership: ~82.9% of TOST is held by institutions, which can mute single?day swings but also means large fund flows influence the stock. MarketBeat Institutional Data
• Neutral Sentiment: Executives retain significant positions after sales — senior leaders (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy and CRO Jonathan Vassil) still hold sizable stakes, which limits interpretation that sales equal loss of confidence. Sample SEC Form 4
• Negative Sentiment: Clustered insider selling: Multiple senior executives sold shares on Jan 2 and Jan 5, including a large CRO sale of 66,390 shares (~43.97% reduction) and additional sales by CEO, CFO, President and GC — a clear near?term negative signal that can pressure sentiment. InsiderTrades Alert
• Negative Sentiment: Earnings detail: The company missed EPS consensus ($0.16 vs. $0.24) despite the revenue beat — an EPS miss can weigh on short?term multiple and sentiment even with healthy top?line growth. Earnings Summary

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TOST shares. BNP Paribas Exane raised Toast from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, December 1st. Jefferies Financial Group cut their price target on Toast from $54.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Robert W. Baird reduced their price objective on Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. BNP Paribas raised shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Monday, December 1st. Finally, Morgan Stanley upped their target price on shares of Toast from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. RiverPark Advisors LLC acquired a new position in shares of Toast in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC bought a new stake in Toast in the second quarter valued at about $31,000. Quent Capital LLC acquired a new position in Toast in the third quarter worth about $27,000. REAP Financial Group LLC lifted its stake in Toast by 173.3% during 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, Alpine Bank Wealth Management acquired a new stake in Toast during the third quarter valued at approximately $30,000. 82.91% of the stock is owned by institutional investors.

Toast Company Profile

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.