Toast, Inc. (NYSE:TOST) Director Sells $330,000.00 in Stock

Toast, Inc. (NYSE:TOST - Get Free Report) Director Susan Chapman-Hughes sold 7,500 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $44.00, for a total transaction of $330,000.00. Following the completion of the transaction, the director now directly owns 23,030 shares of the company's stock, valued at approximately $1,013,320. This trade represents a 24.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Toast Stock Performance

TOST stock traded down $0.81 during trading on Thursday, reaching $42.42. 1,801,539 shares of the company traded hands, compared to its average volume of 6,740,607. The business has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $38.06. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $45.56. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of -4,237.76, a price-to-earnings-growth ratio of 2.16 and a beta of 2.02.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson dropped their price target on Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. BNP Paribas set a $37.00 target price on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. BMO Capital Markets increased their price target on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, May 12th. The Goldman Sachs Group lowered their price target on Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Wall Street Zen cut shares of Toast from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.21.

Institutional Trading of Toast

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Toast by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after acquiring an additional 155,446 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Toast by 19.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock worth $829,000 after purchasing an additional 3,713 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock worth $14,319,000 after buying an additional 225,215 shares during the last quarter. Procyon Advisors LLC purchased a new position in Toast during the 1st quarter worth $242,000. Finally, New York Life Investment Management LLC purchased a new stake in Toast in the fourth quarter valued at about $1,572,000. 82.91% of the stock is currently owned by institutional investors.

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.