Toast (NYSE:TOST) CRO Jonathan Vassil Sells 85,280 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 85,280 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20. Following the completion of the transaction, the executive directly owned 69,966 shares in the company, valued at $2,542,564.44. The trade was a 54.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total value of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total value of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $32.89, for a total transaction of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The shares were sold at an average price of $30.03, for a total transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Stock Performance

Shares of NYSE TOST opened at $36.81 on Wednesday. The stock has a market cap of $18.92 billion, a P/E ratio of 47.19 and a beta of 1.72. The firm has a 50 day moving average price of $30.90 and a 200 day moving average price of $28.16. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $45.64.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Analysts predict that Toast, Inc. will post 1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

Several hedge funds have recently modified their holdings of TOST. Bayban acquired a new position in Toast during the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new position in Toast in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in shares of Toast during the 4th quarter worth approximately $29,000. Ancora Advisors LLC acquired a new position in shares of Toast during the 2nd quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of Toast during the 4th quarter worth approximately $36,000. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TOST shares. Robert W. Baird raised their price objective on Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a research note on Monday, August 17th. Sanford C. Bernstein increased their price target on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Oppenheimer raised their price target on Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Truist Financial lifted their price objective on Toast from $33.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.