Insider Selling: Toast (NYSE:TOST) CRO Sells $230,138.37 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 7,623 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.19, for a total transaction of $230,138.37. Following the completion of the transaction, the executive directly owned 77,424 shares of the company’s stock, valued at approximately $2,337,430.56. The trade was a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The stock was sold at an average price of $29.69, for a total transaction of $399,775.85.
• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.90, for a total transaction of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were 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 stock was 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 stock was sold at an average price of $32.89, for a total value of $469,669.20.

Toast Trading Down 0.2%

Toast stock opened at $30.49 on Friday. The stock has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $29.04. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $39.72. The company has a market capitalization of $15.67 billion, a PE ratio of 39.09 and a beta of 1.74.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Sanford C. Bernstein upped their price target on shares of Toast from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group increased their price objective on Toast from $34.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods raised their target price on Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group set a $40.00 target price on Toast in a report on Wednesday, August 5th. Finally, BMO Capital Markets upped their price target on Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Toast by 189.5% in the 3rd quarter. GAMMA Investing LLC now owns 12,224 shares of the company’s stock valued at $354,000 after purchasing an additional 8,001 shares during the period. Valeo Financial Advisors LLC acquired a new position in Toast during the third quarter worth $230,000. Toth Financial Advisory Corp raised its holdings in Toast by 16.9% during the third quarter. Toth Financial Advisory Corp now owns 3,561 shares of the company’s stock worth $103,000 after buying an additional 516 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Toast by 46.3% in the third quarter. Congress Asset Management Co. now owns 1,755,072 shares of the company’s stock valued at $50,880,000 after buying an additional 555,568 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of Toast by 17.0% in the third quarter. Moody National Bank Trust Division now owns 50,298 shares of the company’s stock valued at $1,458,000 after buying an additional 7,298 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.