Insider Selling: Toast (NYSE:TOST) CRO Sells $2,380,745.40 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 66,390 shares of Toast stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.86, for a total value of $2,380,745.40. Following the completion of the sale, the executive owned 84,589 shares in the company, valued at $3,033,361.54. This represents a 43.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 5th, Jonathan Vassil sold 4,787 shares of Toast stock. The stock was sold at an average price of $34.38, for a total value of $164,577.06.
• On Tuesday, November 4th, Jonathan Vassil sold 1,442 shares of Toast stock. The stock was sold at an average price of $35.54, for a total value of $51,248.68.

Toast Price Performance

NYSE TOST opened at $36.73 on Thursday. The firm’s 50-day moving average is $35.46 and its two-hundred day moving average is $39.73. Toast, Inc. has a 12 month low of $28.12 and a 12 month high of $49.66. The stock has a market capitalization of $18.91 billion, a P/E ratio of 85.41 and a beta of 1.93.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Toast had a net margin of 4.68% and a return on equity of 15.77%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $0.07 earnings per share. Toast’s revenue was up 25.1% on a year-over-year basis. As a group, analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup upgraded Toast to a “strong-buy” rating in a report on Thursday, October 23rd. BNP Paribas Exane upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, December 1st. UBS Group reissued a “buy” rating on shares of Toast in a research report on Thursday, December 18th. Finally, Robert W. Baird lowered their price objective on shares of Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.18.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst initiation: A recent Seeking Alpha initiation recommends “Buy,” citing Toast’s scale in restaurant POS/SaaS, a narrow moat from customer switching costs, and stabilized results after earlier misses — a catalyst for buyers. Read More.
• Positive Sentiment: Solid revenue backdrop: Management’s latest quarter showed ~25% YoY revenue growth and revenue slightly above estimates, keeping analyst sentiment constructive (consensus “Moderate Buy” and average PT near $45). That fundamental strength supports upside expectations. Read More.
• Positive Sentiment: Market context: Coverage notes that Toast outperformed while the broader market dipped, suggesting relative demand for TOST among buyers today. Read More.
• Neutral Sentiment: Valuation and debate on pricing: Commentary (e.g., Yahoo Finance) questions whether current multiples and three‑year performance justify the stock price, leaving some investors assessing risk/reward rather than driving a clear directional move. Read More.
• Negative Sentiment: Large CRO sale: Chief Revenue Officer Jonathan Vassil sold 66,390 shares (~$2.38M) on Jan. 2, cutting his stake materially (~44% reduction). Large insider sells can spark concern about timing or personal diversification, pressuring sentiment. Read More.
• Negative Sentiment: Additional Jan. 5 insider sales: Multiple senior executives (CEO, CFO, President, General Counsel) disclosed modest sales at ~ $34.38. While sizes are smaller than the CRO transaction, clustered insider selling can add short‑term downward pressure or cause some investors to take profits. Read More.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in the company. Capital International Investors grew its holdings in Toast by 7.4% during the 3rd quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock worth $1,768,256,000 after acquiring an additional 3,351,545 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Toast by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company’s stock valued at $1,634,339,000 after purchasing an additional 352,435 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Toast by 74.4% during the 3rd quarter. Jennison Associates LLC now owns 15,000,561 shares of the company’s stock worth $547,670,000 after purchasing an additional 6,398,674 shares during the last quarter. State Street Corp grew its stake in shares of Toast by 3.5% during the third quarter. State Street Corp now owns 9,538,312 shares of the company’s stock worth $348,244,000 after purchasing an additional 325,423 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Toast by 2,432.8% during the third quarter. Alliancebernstein L.P. now owns 8,215,758 shares of the company’s stock worth $299,957,000 after purchasing an additional 7,891,383 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other 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.