Insider Selling: Toast (NYSE:TOST) CFO Sells $321,960.24 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 9,054 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $35.56, for a total value of $321,960.24. Following the completion of the sale, the chief financial officer owned 149,572 shares of the company’s stock, valued at approximately $5,318,780.32. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, August 4th, Elena Gomez sold 2,006 shares of Toast stock. The stock was sold at an average price of $48.38, for a total value of $97,050.28.

Toast Stock Performance

TOST stock opened at $36.58 on Monday. Toast, Inc. has a 1 year low of $27.65 and a 1 year high of $49.66. The firm has a market cap of $18.66 billion, a P/E ratio of 107.60 and a beta of 1.94. The stock has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $40.85.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Toast had a return on equity of 14.19% and a net margin of 4.07%.The business’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

TOST has been the subject of a number of recent analyst reports. Wells Fargo & Company began coverage on shares of Toast in a report on Wednesday, July 16th. They set a “buy” rating for the company. DA Davidson raised their target price on Toast from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Barclays reaffirmed an “overweight” rating on shares of Toast in a research report on Wednesday, July 16th. Morgan Stanley increased their price target on Toast from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC lifted their price objective on Toast from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average target price of $46.30.

Institutional Trading of Toast

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. Wealth Enhancement Advisory Services LLC lifted its holdings in Toast by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company’s stock worth $829,000 after buying an additional 3,713 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Toast by 4,500.2% during the 1st quarter. GAMMA Investing LLC now owns 128,069 shares of the company’s stock valued at $4,248,000 after acquiring an additional 125,285 shares in the last quarter. Parallel Advisors LLC lifted its stake in Toast by 91.2% during the first quarter. Parallel Advisors LLC now owns 2,692 shares of the company’s stock worth $89,000 after purchasing an additional 1,284 shares during the last quarter. Rhumbline Advisers boosted its holdings in Toast by 3.3% in the first quarter. Rhumbline Advisers now owns 602,083 shares of the company’s stock worth $19,971,000 after purchasing an additional 19,457 shares during the period. Finally, Merit Financial Group LLC increased its stake in Toast by 23.1% during the first quarter. Merit Financial Group LLC now owns 7,892 shares of the company’s stock valued at $262,000 after purchasing an additional 1,483 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Toast Company Profile

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.