Jonathan Vassil Sells 50,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the transaction, the executive now owns 25,422 shares in the company, valued at approximately $582,163.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 2nd, Jonathan Vassil sold 2,282 shares of Toast stock. The stock was sold at an average price of $23.40, for a total transaction of $53,398.80.
• On Wednesday, March 13th, Jonathan Vassil sold 100,000 shares of Toast stock. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00.
• On Friday, February 2nd, Jonathan Vassil sold 916 shares of Toast stock. The stock was sold at an average price of $18.72, for a total transaction of $17,147.52.

Toast Stock Down 2.5 %

Toast stock opened at $22.18 on Friday. The stock has a 50-day simple moving average of $23.03 and a 200 day simple moving average of $19.01. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $27.00. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of -43.49 and a beta of 1.79.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toast, Inc. will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of Toast by 105.0% in the third quarter. Sei Investments Co. now owns 691,018 shares of the company’s stock valued at $12,943,000 after buying an additional 353,903 shares during the last quarter. Vanguard Group Inc. lifted its position in Toast by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock valued at $657,032,000 after purchasing an additional 3,494,579 shares during the period. ARK Investment Management LLC lifted its position in Toast by 101.5% during the 4th quarter. ARK Investment Management LLC now owns 2,345,520 shares of the company’s stock valued at $42,829,000 after purchasing an additional 1,181,409 shares during the period. Riverbridge Partners LLC acquired a new position in Toast during the 3rd quarter valued at about $24,647,000. Finally, Hudson Bay Capital Management LP acquired a new position in Toast during the 3rd quarter valued at about $936,000. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TOST has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Mizuho reiterated a “neutral” rating and set a $17.00 price target on shares of Toast in a research note on Wednesday, March 27th. Piper Sandler lifted their price target on shares of Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, February 7th. Finally, Robert W. Baird lifted their price target on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.32.

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.