Elena Gomez Sells 1,437 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,437 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total value of $43,598.58. Following the completion of the sale, the chief financial officer directly owned 164,629 shares of the company’s stock, valued at $4,994,843.86. This represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Trading Down 4.9%

Shares of Toast stock opened at $26.94 on Friday. Toast, Inc. has a 1-year low of $26.92 and a 1-year high of $49.66. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 62.65 and a beta of 1.93. The firm’s 50-day moving average price is $34.37 and its two-hundred day moving average price is $38.12.

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

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in shares of Toast by 10.2% during the 4th quarter. HighTower Advisors LLC now owns 191,706 shares of the company’s stock valued at $6,807,000 after purchasing an additional 17,707 shares during the period. Wisconsin Capital Management LLC lifted its position in shares of Toast by 1.1% during the fourth quarter. Wisconsin Capital Management LLC now owns 129,246 shares of the company’s stock worth $4,590,000 after purchasing an additional 1,403 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of Toast during the fourth quarter valued at approximately $565,000. Stephens Investment Management Group LLC increased its stake in shares of Toast by 0.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,749,414 shares of the company’s stock valued at $62,122,000 after buying an additional 8,237 shares during the period. Finally, DNB Asset Management AS lifted its stake in Toast by 10.1% in the fourth quarter. DNB Asset Management AS now owns 92,161 shares of the company’s stock worth $3,273,000 after acquiring an additional 8,443 shares during the period. 82.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of recent analyst reports. Citigroup upgraded Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Wells Fargo & Company upgraded shares of Toast to a “strong-buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group cut their price objective on shares of Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Morgan Stanley increased their price objective on Toast from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, DA Davidson dropped their price target on Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.55.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst/industry write-up highlighting fundamentals: The Motley Fool called out Toast’s sticky, restaurant-focused recurring-revenue engine, revenue growth (now above $2B) and that the company has “crossed into sustainable profitability,” a constructive fundamental view for longer-term holders. Read More.
• Neutral Sentiment: Headline/market-aggregation pressure: news services flagged Toast alongside other tech names trading down this morning, indicating broader sector or market pressure is contributing to the share weakness rather than a single company catalyst. Read More.
• Neutral Sentiment: Similar market-aggregation coverage reiterated Toast was trading down as part of a broader tech pullback this morning. Read More.
• Negative Sentiment: Clustered insider selling: multiple senior executives sold shares on Feb 3 (CEO Aman Narang 1,648; CFO Elena Gomez 1,437; CRO Jonathan Vassil 1,454; President Stephen Fredette 1,060; GC Brian Elworthy 648), roughly 6,247 shares sold at an average ~$30.34 per share (~$189.5k total). Each sale was a small percentage of individual holdings, but the concentration of executive sales can weigh on near‑term sentiment and amplify downside. SEC filings and firm filings are available for review. Read More.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.