Toast (NYSE:TOST) CRO Sells 14,280 Shares

Key Points

• Toast CRO Jonathan Vassil sold 14,280 shares at an average price of $33.90, generating $484,092. The Rule 10b5-1 transaction reduced his ownership by 16.95% to 69,966 shares.
• Vassil has made several additional Toast sales since early July, including 85,280 shares sold on August 21 for approximately $3.10 million.
• Toast shares recently traded near $33.94, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $39.12. The company’s latest quarterly revenue rose 23.1% year over year, though earnings per share missed estimates.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 14,280 shares of Toast stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $33.90, for a total value of $484,092.00. Following the transaction, the executive owned 69,966 shares of the company's stock, valued at $2,371,847.40. This represents a 16.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was 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 shares were 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 shares were sold at an average price of $30.03, for a total transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Trading Up 0.0%

Shares of NYSE:TOST traded up $0.01 during trading on Friday, reaching $33.94. 5,808,254 shares of the stock were exchanged, compared to its average volume of 11,445,368. Toast, Inc. has a 12 month low of $22.26 and a 12 month high of $42.15. The stock has a 50-day moving average price of $32.27 and a 200-day moving average price of $28.50. The firm has a market cap of $17.45 billion, a PE ratio of 43.51 and a beta of 1.72.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TOST. Morgan Stanley set a $45.00 price target on shares of Toast in a report on Friday, May 8th. Evercore reissued an "outperform" rating on shares of Toast in a research note on Wednesday, August 5th. Jefferies Financial Group set a $40.00 price target on shares of Toast in a report on Wednesday, August 5th. Citigroup increased their price target on Toast from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Toast from $30.00 to $35.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 5th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.12.

Institutional Trading of Toast

Institutional investors have recently modified their holdings of the business. HB Wealth Management LLC lifted its holdings in 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 buying an additional 315 shares during the period. BOKF NA lifted its stake in shares of Toast by 4.5% in the third quarter. BOKF NA now owns 8,023 shares of the company's stock worth $293,000 after acquiring an additional 345 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings 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 acquiring an additional 358 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Toast by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company's stock valued at $1,012,000 after purchasing an additional 380 shares during the period. Finally, Seven Mile Advisory raised its holdings in Toast by 3.1% during the 3rd quarter. Seven Mile Advisory now owns 12,689 shares of the company's stock worth $463,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

About Toast

Toast, Inc NYSE: TOST is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast's product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.

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