Elena Gomez Sells 34,170 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST - Get Free Report) CFO Elena Gomez sold 34,170 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $42.56, for a total transaction of $1,454,275.20. Following the sale, the chief financial officer directly owned 139,357 shares in the company, valued at approximately $5,931,033.92. This represents a 19.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Toast Trading Down 1.7%

Toast stock traded down $0.78 during trading on Tuesday, hitting $44.05. 4,947,527 shares of the company were exchanged, compared to its average volume of 6,746,016. The business's 50 day moving average is $41.91 and its 200 day moving average is $38.45. Toast, Inc. has a 52 week low of $22.10 and a 52 week high of $46.53. The company has a market capitalization of $21.94 billion, a P/E ratio of 191.52 and a beta of 2.00.

Institutional Investors Weigh In On Toast

Several institutional investors have recently bought and sold shares of TOST. Arrowstreet Capital Limited Partnership bought a new position in Toast in the 4th quarter worth about $282,010,000. Norges Bank purchased a new position in Toast in the 4th quarter worth approximately $205,888,000. Principal Financial Group Inc. grew its position in shares of Toast by 14,258.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,474,443 shares of the company's stock worth $181,587,000 after buying an additional 5,436,317 shares during the last quarter. FMR LLC grew its position in shares of Toast by 22.1% in the 4th quarter. FMR LLC now owns 29,853,639 shares of the company's stock worth $1,088,165,000 after buying an additional 5,403,896 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Toast by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after purchasing an additional 4,147,430 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TOST shares. Piper Sandler upped their price target on Toast from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Wall Street Zen cut shares of Toast from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company raised their price target on Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Morgan Stanley boosted their price target on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research report on Wednesday, April 23rd. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Toast currently has a consensus rating of "Hold" and an average target price of $41.21.

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.