Jonathan Vassil Sells 3,150 Shares of Toast (NYSE:TOST) Stock

Key Points

• Toast CRO Jonathan Vassil sold 3,150 shares on July 7 at an average price of $30.03, for proceeds of about $94,595. The sale was part of a pre-arranged Rule 10b5-1 plan and reduced his ownership by 4.31%.
• Vassil also sold 6,647 shares on July 2 for about $191,766, making the article notable for multiple insider sales in a short period. Despite the sales, he still held 69,966 shares valued at roughly $2.1 million after the July 7 transaction.
• Toast shares recently traded around $28.82, near their 200-day average and well below the 52-week high of $49.66. Wall Street sentiment remains mixed but constructive, with a Moderate Buy consensus and an average price target of $37.59.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 3,150 shares of the company's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $30.03, for a total value of $94,594.50. Following the transaction, the executive owned 69,966 shares of the company's stock, valued at approximately $2,101,078.98. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $191,765.95.

Toast Price Performance

Shares of NYSE TOST traded up $0.25 during midday trading on Thursday, reaching $28.82. 12,146,838 shares of the company traded hands, compared to its average volume of 12,091,427. The stock has a 50-day moving average price of $25.68 and a 200 day moving average price of $28.52. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 44.34 and a beta of 1.74. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $49.66.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group cut their target price on shares of Toast from $40.00 to $34.00 and set a "buy" rating for the company in a research note on Friday, May 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Toast in a research note on Wednesday, May 20th. Piper Sandler began coverage on Toast in a report on Wednesday, June 10th. They set an "overweight" rating and a $32.00 price target on the stock. Morgan Stanley set a $45.00 target price on Toast in a report on Friday, May 8th. Finally, Mizuho cut their target price on shares of Toast from $45.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.59.

Institutional Investors Weigh In On Toast

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in Toast by 1.0% in the fourth quarter. Jennison Associates LLC now owns 15,157,955 shares of the company's stock worth $538,259,000 after purchasing an additional 157,394 shares during the period. Morgan Stanley increased its stake in shares of Toast by 6.7% in the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company's stock valued at $368,332,000 after buying an additional 653,487 shares in the last quarter. State Street Corp lifted its holdings in Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company's stock valued at $348,729,000 after buying an additional 282,282 shares during the period. XN LP lifted its stake in shares of Toast by 50.8% in the 4th quarter. XN LP now owns 8,988,386 shares of the company's stock valued at $319,178,000 after purchasing an additional 3,029,856 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Toast by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company's stock valued at $307,214,000 after buying an additional 169,230 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

More Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Robert W. Baird raised Toast’s price target to $33, indicating continued analyst confidence in the company’s longer-term growth outlook. Article Title
• Neutral Sentiment: Toast continues to hold an average “Moderate Buy” analyst rating, which suggests Wall Street sentiment remains generally constructive despite recent volatility. Article Title
• Negative Sentiment: Zacks cut Toast from “strong-buy” to “hold,” a downgrade that may pressure the stock by implying less immediate upside. Article Title
• Negative Sentiment: Several Toast executives and insiders sold shares, which can create mild overhang concerns even if the sales were routine or planned. Article Title
• Neutral Sentiment: A broader payment-sector article noted that Fiserv’s Clover business competes with Toast in merchant acquiring, but the discussion was mainly about industry structure rather than a direct catalyst for Toast itself. Article Title

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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