Jonathan Vassil Sells 1,367 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the sale, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. This represents a 0.00 % 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 Friday, October 18th, Jonathan Vassil sold 50,000 shares of Toast stock. The stock was sold at an average price of $30.39, for a total value of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The stock was sold at an average price of $27.77, for a total value of $132,740.60.

Toast Price Performance

Shares of NYSE TOST traded up $0.49 during trading hours on Tuesday, reaching $30.81. 5,775,103 shares of the stock were exchanged, compared to its average volume of 7,069,465. The stock’s fifty day simple moving average is $27.49 and its 200 day simple moving average is $25.70. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $31.57.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on TOST shares. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Bank of America raised their price objective on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Morgan Stanley upped their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on Toast from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Whale Rock Capital Management LLC acquired a new position in shares of Toast during the 1st quarter worth approximately $179,111,000. Assenagon Asset Management S.A. boosted its stake in shares of Toast by 2,889.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after buying an additional 3,701,893 shares during the period. Capital International Investors grew its position in Toast by 12.2% during the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after buying an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Toast by 21.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after acquiring an additional 3,445,788 shares during the period. Finally, Marshall Wace LLP raised its holdings in Toast by 175.8% in the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock valued at $64,871,000 after acquiring an additional 1,604,716 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Company Profile

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.