Toast (NYSE:TOST) Stock: Insider Jonathan Vassil Sells 4,600 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,600 shares of Toast stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $36.00, for a total value of $165,600.00. Following the sale, the executive directly owned 77,424 shares of the company’s stock, valued at $2,787,264. This represents a 5.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Monday, November 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.70, for a total transaction of $481,236.00.
• On Monday, October 5th, Jonathan Vassil sold 7,623 shares of Toast stock. The stock was sold at an average price of $30.19, for a total transaction of $230,138.37.
• On Friday, October 2nd, Jonathan Vassil sold 13,465 shares of Toast stock. The shares were sold at an average price of $29.69, for a total value of $399,775.85.
• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.90, for a total value of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $496,829.97.

Toast Trading Down 1.5%

Toast stock traded down $0.52 during trading on Friday, hitting $34.64. 9,489,494 shares of the company were exchanged, compared to its average volume of 10,930,884. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $38.64. The company has a market capitalization of $17.80 billion, a P/E ratio of 38.06 and a beta of 1.74. The business’s 50 day moving average is $31.87 and its 200 day moving average is $29.40.

Toast (NYSE:TOST) last released its earnings results on Tuesday, November 3rd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Toast had a net margin of 7.69% and a return on equity of 26.39%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Equities analysts expect that Toast, Inc. will post 1.00 EPS for the current year.

Analysts Set New Price Targets

TOST has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Toast in a report on Wednesday. DA Davidson lifted their price objective on shares of Toast from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Evercore restated an “outperform” rating on shares of Toast in a research report on Wednesday, August 5th. Truist Financial lowered their target price on shares of Toast from $39.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 19th. Finally, Wells Fargo & Company increased their price target on Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Toast has an average rating of “Moderate Buy” and an average price target of $38.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Arkfeld Wealth Strategies L.L.C. increased its position in shares of Toast by 138.8% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company’s stock worth $7,807,000 after purchasing an additional 153,928 shares during the last quarter. Junto Capital Management LP acquired a new stake in Toast during the 2nd quarter worth approximately $54,320,000. Keenan Capital LLC purchased a new position in Toast in the second quarter valued at $31,047,000. Quantitative Investment Management LLC grew its position in shares of Toast by 120.1% during the second quarter. Quantitative Investment Management LLC now owns 63,823 shares of the company’s stock worth $1,775,000 after buying an additional 34,831 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Toast by 47.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 970,799 shares of the company’s stock valued at $27,008,000 after purchasing an additional 312,077 shares during the last quarter. Hedge funds and other 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. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.