Jonathan Vassil Sells 85,280 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Free Report) CRO Jonathan Vassil sold 85,280 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $36.34, for a total transaction of $3,099,075.20. Following the completion of the sale, the executive directly owned 69,966 shares of the company’s stock, valued at $2,542,564.44. This trade represents a 54.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were 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 stock was sold at an average price of $36.01, for a total transaction of $496,829.97.
  • On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total transaction of $169,294.00.
  • On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $32.89, for a total transaction of $469,669.20.
  • On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The shares were sold at an average price of $30.03, for a total value of $94,594.50.
  • 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 value of $191,765.95.

Toast Stock Up 0.3%

Shares of NYSE TOST traded up $0.10 during midday trading on Tuesday, reaching $36.81. The company had a trading volume of 7,458,100 shares, compared to its average volume of 11,559,328. Toast, Inc. has a one year low of $22.26 and a one year high of $45.64. The firm’s fifty day moving average price is $30.66 and its 200-day moving average price is $28.10. The stock has a market cap of $18.92 billion, a PE ratio of 47.19 and a beta of 1.72.

Toast (NYSE:TOSTGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities research analysts expect that Toast, Inc. will post 1 EPS for the current year.

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Bayban bought a new position in Toast in the fourth quarter worth $25,000. SHP Wealth Management bought a new position in shares of Toast in the 4th quarter worth about $29,000. Strive Financial Group LLC bought a new position in shares of Toast in the 4th quarter worth about $29,000. Silicon Valley Capital Partners purchased a new position in Toast during the 4th quarter valued at about $36,000. Finally, Quadrant Capital Group LLC lifted its position in Toast by 2,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of Toast from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Needham & Company LLC boosted their price objective on shares of Toast from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Toast from $31.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Piper Sandler raised their target price on Toast from $32.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Check Out Our Latest Research 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.

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