Toast, Inc. (NYSE:TOST) CFO Sells $81,320.76 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 2,052 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now owns 160,498 shares of the company’s stock, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Toast Stock Up 1.6 %

Shares of NYSE TOST opened at $41.99 on Friday. The business has a fifty day moving average price of $38.46 and a two-hundred day moving average price of $32.25. Toast, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $44.12.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, equities analysts anticipate that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Piper Sandler lifted their price objective on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley lifted their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Stephens upped their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.74.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. ValueAct Holdings L.P. acquired a new stake in shares of Toast during the third quarter valued at about $438,301,000. FMR LLC lifted its position in shares of Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after purchasing an additional 8,205,053 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after purchasing an additional 3,701,893 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Toast by 129,058.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock worth $75,466,000 after buying an additional 2,072,680 shares during the period. Finally, Perpetual Ltd bought a new position in Toast during the fourth quarter worth $60,878,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.