Toast, Inc (NYSE:TOST) COO Sells $5,927,922.00 in Stock

Toast, Inc (NYSE:TOST) COO Aman Narang sold 197,400 shares of the business’s stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of $30.03, for a total value of $5,927,922.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, January 7th, Aman Narang sold 1,600 shares of Toast stock. The stock was sold at an average price of $30.00, for a total value of $48,000.00.
  • On Wednesday, January 5th, Aman Narang sold 101,000 shares of Toast stock. The stock was sold at an average price of $30.26, for a total value of $3,056,260.00.
  • On Tuesday, December 21st, Aman Narang sold 66,409 shares of Toast stock. The stock was sold at an average price of $36.06, for a total value of $2,394,708.54.

Shares of NYSE:TOST opened at $25.20 on Friday. Toast, Inc has a 1 year low of $24.69 and a 1 year high of $69.93. The firm’s 50-day simple moving average is $38.43.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, November 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. The business had revenue of $486.38 million for the quarter, compared to analysts’ expectations of $435.95 million. As a group, equities analysts forecast that Toast, Inc will post -1.44 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC purchased a new position in shares of Toast during the 3rd quarter worth approximately $25,000. Cubist Systematic Strategies LLC purchased a new position in shares of Toast during the 3rd quarter worth approximately $30,000. Arkadios Wealth Advisors purchased a new position in shares of Toast during the 3rd quarter worth approximately $34,000. AllSquare Wealth Management LLC purchased a new position in shares of Toast during the 3rd quarter worth approximately $36,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Toast during the 3rd quarter worth approximately $41,000. Institutional investors own 16.33% of the company’s stock.

Several brokerages have issued reports on TOST. Piper Sandler dropped their price target on Toast from $65.00 to $48.00 in a research note on Monday, January 10th. Sumitomo Mitsui Financial Group initiated coverage on Toast in a research note on Wednesday, November 3rd. They set an “outperform” rating and a $80.00 price target for the company. The Goldman Sachs Group lowered their target price on Toast from $59.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, December 13th. Zacks Investment Research raised Toast from a “sell” rating to a “hold” rating in a research note on Friday, January 7th. Finally, boosted their target price on Toast from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $58.22.

Toast Company Profile

Toast Inc builds software which helps restaurants manage online orders and dine-in order, operate an on-demand delivery network and integrate payments. Toast Inc is based in Boston.

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