Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato Sells 145,000 Shares

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Toast Trading Up 4.6 %

Shares of NYSE TOST traded up $1.65 during mid-day trading on Friday, reaching $37.58. The company had a trading volume of 10,693,152 shares, compared to its average volume of 7,395,718. The company has a 50-day moving average price of $36.04 and a two-hundred day moving average price of $29.01. The stock has a market cap of $17.70 billion, a PE ratio of -289.08, a P/E/G ratio of 23.40 and a beta of 1.93. Toast, Inc. has a 1-year low of $16.13 and a 1-year high of $44.12.

Analysts Set New Price Targets

Several analysts have weighed in on TOST shares. Compass Point initiated coverage on Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price on the stock. DA Davidson reissued a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a report on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Piper Sandler increased their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $45.00 price target (up from $34.00) on shares of Toast in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.81.

Hedge Funds Weigh In On Toast

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Raymond James & Associates lifted its stake in Toast by 6.0% in the 2nd quarter. Raymond James & Associates now owns 407,773 shares of the company’s stock worth $10,508,000 after acquiring an additional 22,936 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Toast during the second quarter worth approximately $34,000. Raymond James Trust N.A. grew its position in Toast by 31.6% during the second quarter. Raymond James Trust N.A. now owns 20,400 shares of the company’s stock valued at $526,000 after purchasing an additional 4,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Toast by 22.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,236,203 shares of the company’s stock valued at $57,627,000 after buying an additional 406,686 shares during the period. Finally, Jessup Wealth Management Inc purchased a new stake in Toast in the 2nd quarter worth approximately $5,178,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.