Toast, Inc. (NYSE:TOST) CFO Sells $59,580.36 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,917 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $59,580.36. Following the completion of the transaction, the chief financial officer now owns 159,615 shares of the company’s stock, valued at approximately $4,960,834.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, October 18th, Elena Gomez sold 31,248 shares of Toast stock. The shares were sold at an average price of $30.37, for a total transaction of $949,001.76.
• On Tuesday, October 1st, Elena Gomez sold 12,500 shares of Toast stock. The stock was sold at an average price of $28.41, for a total transaction of $355,125.00.

Toast Trading Up 1.6 %

Shares of NYSE:TOST traded up $0.49 during trading on Tuesday, reaching $30.81. The stock had a trading volume of 5,775,103 shares, compared to its average volume of 7,069,465. The stock has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $25.70. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $31.57.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) EPS. Equities analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently made changes to their positions in TOST. West Branch Capital LLC bought a new position in Toast during the second quarter worth $26,000. LRI Investments LLC acquired a new stake in Toast in the 1st quarter worth $27,000. Toth Financial Advisory Corp bought a new position in shares of Toast during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast during the second quarter valued at about $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast during the second quarter worth about $34,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOST has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. DA Davidson lifted their target price on Toast from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group increased their price target on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday. Finally, Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

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.