Insider Selling: Toast (NYSE:TOST) CRO Sells $94,594.50 in Stock

Toast, Inc. (NYSE:TOSTGet Free Report) CRO Jonathan Vassil sold 3,150 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $30.03, for a total value of $94,594.50. Following the completion of the transaction, the executive directly owned 69,966 shares of the company’s stock, valued at approximately $2,101,078.98. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Stock Up 0.9%

Shares of NYSE:TOST traded up $0.25 during midday trading on Thursday, reaching $28.82. 12,146,838 shares of the company were exchanged, compared to its average volume of 12,091,427. The firm has a market cap of $14.87 billion, a PE ratio of 44.34 and a beta of 1.74. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $49.66. The stock has a fifty day simple moving average of $25.68 and a two-hundred day simple moving average of $28.52.

Key Headlines Impacting Toast

Here are the key news stories impacting Toast this week:

  • Positive Sentiment: Robert W. Baird raised Toast’s price target to $33, indicating continued analyst confidence in the company’s longer-term growth outlook. Article Title
  • Neutral Sentiment: Toast continues to hold an average “Moderate Buy” analyst rating, which suggests Wall Street sentiment remains generally constructive despite recent volatility. Article Title
  • Negative Sentiment: Zacks cut Toast from “strong-buy” to “hold,” a downgrade that may pressure the stock by implying less immediate upside. Article Title
  • Negative Sentiment: Several Toast executives and insiders sold shares, which can create mild overhang concerns even if the sales were routine or planned. Article Title
  • Neutral Sentiment: A broader payment-sector article noted that Fiserv’s Clover business competes with Toast in merchant acquiring, but the discussion was mainly about industry structure rather than a direct catalyst for Toast itself. Article Title

Hedge Funds Weigh In On Toast

A number of large investors have recently made changes to their positions in TOST. Nordea Investment Management AB increased its position in Toast by 843.0% during the 4th quarter. Nordea Investment Management AB now owns 1,307,158 shares of the company’s stock worth $46,888,000 after buying an additional 1,168,539 shares during the period. SG Americas Securities LLC increased its position in Toast by 285.3% during the fourth quarter. SG Americas Securities LLC now owns 288,286 shares of the company’s stock worth $10,237,000 after acquiring an additional 213,459 shares during the period. Capelight Capital Asset Management LP acquired a new stake in Toast in the 4th quarter worth about $2,131,000. Korea Investment CORP boosted its holdings in Toast by 61.7% in the 3rd quarter. Korea Investment CORP now owns 346,459 shares of the company’s stock valued at $12,649,000 after purchasing an additional 132,180 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Toast by 6.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 972,230 shares of the company’s stock worth $34,524,000 after purchasing an additional 57,512 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

TOST has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $36.00 price objective on shares of Toast in a report on Friday, May 8th. Zacks Research cut shares of Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson decreased their price objective on Toast from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Truist Financial dropped their target price on Toast from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Robert W. Baird raised their price target on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.59.

Check Out Our Latest Report on TOST

Toast Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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