Toast (NYSE:TOST) CRO Jonathan Vassil Sells 13,465 Shares of Stock

Key Points

• Toast CRO Jonathan Vassil sold 13,465 shares at an average price of $29.69, generating approximately $399,776. The Rule 10b5-1 transaction was intended to cover tax obligations tied to vested equity awards, reducing his direct ownership by 14.81% to 77,424 shares.
• Toast shares recently traded at $30.08, with a market capitalization of approximately $15.46 billion. The stock remains below its 52-week high of $39.72 but above its 52-week low of $22.26.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $39.12. Toast’s latest quarterly revenue rose 23.1% year over year to $1.91 billion, though adjusted earnings per share missed estimates.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 13,465 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $29.69, for a total value of $399,775.85. Following the transaction, the executive directly owned 77,424 shares in the company, valued at $2,298,718.56. The trade was a 14.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jonathan Vassil also recently made the following trade(s):

• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $33.90, for a total value of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total value of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31.
• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were sold at an average price of $36.02, for a total transaction of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total transaction of $94,594.50.

Toast Stock Performance

TOST traded up $0.29 on Monday, reaching $30.08. The company had a trading volume of 12,414,094 shares, compared to its average volume of 11,170,402. The stock has a market cap of $15.46 billion, a P/E ratio of 38.56 and a beta of 1.74. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $39.72. The company's fifty day moving average is $33.06 and its 200 day moving average is $28.96.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $0.13 earnings per share. The company's revenue was up 23.1% on a year-over-year basis. On average, sell-side analysts expect that Toast, Inc. will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOST. UBS Group boosted their price target on Toast from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $40.00 target price on Toast in a report on Wednesday, August 5th. Needham & Company LLC boosted their target price on shares of Toast from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Canaccord Genuity Group set a $40.00 price target on shares of Toast in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lifted their price objective on shares of Toast from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.12.

Hedge Funds Weigh In On Toast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOST. HB Wealth Management LLC grew its holdings in shares of Toast by 2.5% during the 2nd quarter. HB Wealth Management LLC now owns 12,748 shares of the company's stock worth $355,000 after purchasing an additional 315 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company's stock valued at $1,800,000 after purchasing an additional 358 shares in the last quarter. Hickory Point Bank & Trust raised its stake in Toast by 10.0% in the third quarter. Hickory Point Bank & Trust now owns 5,500 shares of the company's stock valued at $159,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Toast by 15.6% during the first quarter. EverSource Wealth Advisors LLC now owns 3,985 shares of the company's stock worth $106,000 after purchasing an additional 539 shares during the period. Finally, Wynn Capital LLC lifted its position in Toast by 4.2% during the second quarter. Wynn Capital LLC now owns 14,615 shares of the company's stock worth $407,000 after purchasing an additional 595 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

About Toast

Toast, Inc NYSE: TOST provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company's products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.

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