Toast, Inc. $TOST Stock Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its stake in Toast, Inc. (NYSE:TOST - Free Report) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,286 shares of the company's stock after selling 50,397 shares during the period. Apollon Wealth Management LLC's holdings in Toast were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new stake in shares of Toast in the 3rd quarter valued at about $26,000. Ancora Advisors LLC acquired a new position in Toast during the second quarter worth approximately $31,000. Montag A & Associates Inc. lifted its stake in Toast by 172.0% in the first quarter. Montag A & Associates Inc. now owns 1,455 shares of the company's stock valued at $39,000 after buying an additional 920 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Toast by 213.6% in the second quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company's stock valued at $44,000 after buying an additional 1,068 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Toast in the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Price Performance

Shares of TOST stock opened at $31.95 on Thursday. The business's fifty day moving average price is $32.21 and its 200 day moving average price is $29.44. The firm has a market capitalization of $16.42 billion, a PE ratio of 40.96 and a beta of 1.74. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $39.67.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The business's revenue for the quarter was up 23.1% compared to the same quarter last year. Equities research analysts expect that Toast, Inc. will post 1.00 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TOST shares. BTIG Research reaffirmed a "neutral" rating on shares of Toast in a report on Thursday, August 27th. Royal Bank Of Canada increased their price target on shares of Toast from $36.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Monday, August 31st. Wells Fargo & Company upped their target price on shares of Toast from $36.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. BMO Capital Markets upped their target price on shares of Toast from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Toast from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $39.11.

Insider Activity

In related news, CFO Elena Gomez sold 16,176 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total value of $570,851.04. Following the sale, the chief financial officer directly owned 168,974 shares in the company, valued at $5,963,092.46. The trade was a 8.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aman Narang sold 124,542 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the completion of the sale, the chief executive officer directly owned 175,458 shares in the company, valued at approximately $6,191,912.82. The trade was a 41.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,830 shares of company stock worth $18,566,600 over the last 90 days. 10.03% of the stock is currently owned by corporate insiders.

Toast Profile

Toast, Inc NYSE: TOST provides a cloud-based technology platform designed for restaurants. Its integrated system combines point-of-sale software and hardware with payment processing, helping restaurants manage sales, orders, menus, guest interactions and day-to-day operations from a unified platform.

The company offers products and services including online ordering, delivery management, digital ordering and payment tools, restaurant websites, gift cards, loyalty programs, marketing, labor management, payroll, inventory management, reporting and analytics.

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