Aman Narang Sells 1,648 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 1,648 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.34, for a total transaction of $50,000.32. Following the transaction, the chief executive officer directly owned 340,723 shares in the company, valued at approximately $10,337,535.82. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aman Narang also recently made the following trade(s):

• On Monday, January 5th, Aman Narang sold 8,591 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $295,358.58.

Toast Price Performance

NYSE:TOST opened at $26.94 on Friday. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 62.65 and a beta of 1.93. The company’s 50-day moving average is $34.37 and its two-hundred day moving average is $38.12. Toast, Inc. has a 1-year low of $26.92 and a 1-year high of $49.66.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 25.1% compared to the same quarter last year. As a group, equities analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TOST. Alliancebernstein L.P. boosted its holdings in shares of Toast by 2,432.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,215,758 shares of the company’s stock valued at $299,957,000 after buying an additional 7,891,383 shares in the last quarter. Jennison Associates LLC lifted its position in Toast by 331.0% in the second quarter. Jennison Associates LLC now owns 8,601,887 shares of the company’s stock valued at $380,978,000 after purchasing an additional 6,606,245 shares during the period. Norges Bank purchased a new position in shares of Toast during the 2nd quarter worth approximately $219,324,000. Marshall Wace LLP lifted its holdings in Toast by 108.3% in the second quarter. Marshall Wace LLP now owns 7,887,409 shares of the company’s stock valued at $349,333,000 after acquiring an additional 4,100,104 shares during the period. Finally, ValueAct Holdings L.P. acquired a new position in Toast during the third quarter worth about $124,032,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TOST. BNP Paribas Exane raised Toast from a “hold” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday, December 1st. JPMorgan Chase & Co. upgraded shares of Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a report on Thursday, December 4th. Stephens set a $42.00 target price on shares of Toast in a report on Friday, January 16th. DA Davidson decreased their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Truist Financial set a $42.00 price objective on Toast in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.55.

Key Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst/industry write-up highlighting fundamentals: The Motley Fool called out Toast’s sticky, restaurant-focused recurring-revenue engine, revenue growth (now above $2B) and that the company has “crossed into sustainable profitability,” a constructive fundamental view for longer-term holders. Read More.
• Neutral Sentiment: Headline/market-aggregation pressure: news services flagged Toast alongside other tech names trading down this morning, indicating broader sector or market pressure is contributing to the share weakness rather than a single company catalyst. Read More.
• Neutral Sentiment: Similar market-aggregation coverage reiterated Toast was trading down as part of a broader tech pullback this morning. Read More.
• Negative Sentiment: Clustered insider selling: multiple senior executives sold shares on Feb 3 (CEO Aman Narang 1,648; CFO Elena Gomez 1,437; CRO Jonathan Vassil 1,454; President Stephen Fredette 1,060; GC Brian Elworthy 648), roughly 6,247 shares sold at an average ~$30.34 per share (~$189.5k total). Each sale was a small percentage of individual holdings, but the concentration of executive sales can weigh on near‑term sentiment and amplify downside. SEC filings and firm filings are available for review. Read More.

About Toast

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.