Jonathan Vassil Sells 1,006 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,006 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now directly owns 48,488 shares of the company’s stock, valued at $1,921,579.44. This represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, November 8th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $36.55, for a total value of $3,655,000.00.

Toast Price Performance

Shares of NYSE:TOST opened at $41.99 on Friday. The firm has a fifty day simple moving average of $38.46 and a two-hundred day simple moving average of $32.25. Toast, Inc. has a 52 week low of $18.47 and a 52 week high of $44.12.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted ($0.09) earnings per share. On average, equities research analysts predict that Toast, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TOST shares. BMO Capital Markets began coverage on shares of Toast in a research note on Monday, January 6th. They set an “outperform” rating and a $45.00 target price on the stock. Oppenheimer started coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Stephens raised their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.74.

Hedge Funds Weigh In On Toast

A number of institutional investors and hedge funds have recently modified their holdings of TOST. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after buying an additional 301 shares during the period. Mirador Capital Partners LP increased its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after acquiring an additional 360 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after acquiring an additional 378 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after acquiring an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.