Toast, Inc. (NYSE:TOST) CFO Sells $949,001.76 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 31,248 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.37, for a total transaction of $949,001.76. Following the completion of the transaction, the chief financial officer now owns 157,620 shares in the company, valued at approximately $4,786,919.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Elena Gomez also recently made the following trade(s):

• On Tuesday, October 1st, Elena Gomez sold 12,500 shares of Toast stock. The stock was sold at an average price of $28.41, for a total value of $355,125.00.
• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The shares were sold at an average price of $24.00, for a total value of $51,888.00.

Toast Stock Performance

Shares of TOST opened at $30.03 on Friday. The firm has a market capitalization of $13.84 billion, a P/E ratio of -103.55 and a beta of 1.76. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $30.70. The stock has a 50 day moving average price of $26.66 and a two-hundred day moving average price of $25.33.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. Toast’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. On average, equities analysts forecast that Toast, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TOST. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. Robert W. Baird lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wedbush raised shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price target on shares of Toast in a research note on Wednesday, August 7th. Finally, Bank of America upped their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.94.

Institutional Trading of Toast

Several institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in Toast during the first quarter worth about $5,078,000. WoodTrust Financial Corp purchased a new position in shares of Toast in the 1st quarter worth approximately $754,000. QRG Capital Management Inc. grew its holdings in shares of Toast by 39.7% in the second quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock valued at $2,190,000 after acquiring an additional 24,164 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Toast in the first quarter valued at approximately $633,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Toast by 4.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,880,795 shares of the company’s stock worth $171,469,000 after acquiring an additional 280,418 shares during the period. Institutional investors own 82.91% of the company’s stock.

About Toast

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.