Toast, Inc. (NYSE:TOST) CEO Aman Narang Sells 1,856 Shares

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 1,856 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $44,544.00. Following the completion of the transaction, the chief executive officer now owns 1,132,708 shares in the company, valued at approximately $27,184,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Aman Narang also recently made the following trade(s):

• On Tuesday, July 2nd, Aman Narang sold 6,355 shares of Toast stock. The stock was sold at an average price of $25.64, for a total value of $162,942.20.

Toast Stock Down 2.2 %

Toast stock traded down $0.54 during mid-day trading on Monday, reaching $23.91. 9,581,568 shares of the company’s stock were exchanged, compared to its average volume of 7,834,295. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90. The company has a fifty day moving average of $24.82 and a 200-day moving average of $23.43. The company has a market cap of $10.83 billion, a P/E ratio of -47.84 and a beta of 1.76.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share. Equities research analysts expect that Toast, Inc. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOST. Park Avenue Securities LLC raised its position in Toast by 1.0% in the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock worth $1,080,000 after acquiring an additional 436 shares in the last quarter. Wellington Shields & Co. LLC grew its stake in Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock worth $416,000 after buying an additional 500 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Toast by 8.4% in the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after purchasing an additional 520 shares in the last quarter. Comerica Bank lifted its holdings in shares of Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after purchasing an additional 607 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Toast by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,985 shares of the company’s stock worth $255,000 after acquiring an additional 774 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Piper Sandler increased their target price on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $26.00 price target on shares of Toast in a research note on Wednesday, May 29th. Robert W. Baird downgraded Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, May 21st. Wells Fargo & Company raised their price target on Toast from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Toast in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.65.

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.