Insider Selling: Toast (NYSE:TOST) CFO Sells $71,826.34 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 2,021 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $35.54, for a total value of $71,826.34. Following the transaction, the chief financial officer directly owned 151,463 shares in the company, valued at approximately $5,382,995.02. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Elena Gomez also recently made the following trade(s):

• On Thursday, October 2nd, Elena Gomez sold 9,054 shares of Toast stock. The stock was sold at an average price of $35.56, for a total value of $321,960.24.

Toast Stock Performance

Shares of TOST stock opened at $36.99 on Friday. Toast, Inc. has a fifty-two week low of $28.12 and a fifty-two week high of $49.66. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of 86.02 and a beta of 1.94. The stock’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $41.37.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, equities analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Jefferies Financial Group decreased their price objective on shares of Toast from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial set a $47.00 target price on Toast in a report on Friday, October 24th. Needham & Company LLC boosted their price target on Toast from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Barclays reiterated an “overweight” rating on shares of Toast in a research note on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Toast in a report on Thursday, July 17th. They issued a “buy” rating and a $54.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC purchased a new position in Toast during the third quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new position in Toast during the second quarter worth about $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Toast in the 3rd quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Toast during the 2nd quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC acquired a new position in Toast in the first quarter valued at approximately $34,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

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.