Toast, Inc. (NYSE:TOST) CFO Sells $355,125.00 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $28.41, for a total value of $355,125.00. Following the transaction, the chief financial officer now owns 207,518 shares in the company, valued at approximately $5,895,586.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $51,888.00.

Toast Price Performance

Shares of NYSE:TOST opened at $28.77 on Friday. The firm has a market capitalization of $13.26 billion, a PE ratio of -57.54 and a beta of 1.76. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $29.92. The firm’s 50-day moving average is $25.39 and its two-hundred day moving average is $24.84.

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

Institutional Trading of Toast

Several hedge funds have recently modified their holdings of TOST. LRI Investments LLC acquired a new position in Toast during the 1st quarter worth $27,000. West Branch Capital LLC purchased a new position in shares of Toast in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast during the second quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Toast during the second quarter worth approximately $34,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Toast in the first quarter valued at approximately $37,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TOST shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $27.00 price target on shares of Toast in a report on Wednesday, August 7th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $33.00 in a report on Thursday, July 18th. Bank of America raised their price target on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $29.00 price objective on shares of Toast in a research report on Thursday, September 12th. Finally, Wedbush upgraded Toast to a “strong-buy” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.33.

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.