Jonathan Vassil Sells 6,592 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 6,592 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $42.59, for a total value of $280,753.28. Following the completion of the sale, the executive owned 61,791 shares in the company, valued at $2,631,678.69. This trade represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Toast Stock Performance

Shares of Toast stock traded down $1.30 during mid-day trading on Tuesday, hitting $43.53. 13,194,393 shares of the stock were exchanged, compared to its average volume of 6,788,672. Toast, Inc. has a 12 month low of $22.10 and a 12 month high of $46.53. The company has a 50-day simple moving average of $41.91 and a 200 day simple moving average of $38.45. The company has a market capitalization of $21.68 billion, a P/E ratio of 189.26 and a beta of 2.00.

Institutional Trading of Toast

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares during the last quarter. Procyon Advisors LLC bought a new position in Toast during the first quarter valued at about $242,000. Wealth Enhancement Advisory Services LLC increased its holdings in Toast by 19.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,751 shares of the company's stock worth $829,000 after buying an additional 3,713 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in Toast in the first quarter worth about $252,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after acquiring an additional 225,215 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TOST shares. Piper Sandler lifted their target price on shares of Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. BMO Capital Markets upped their target price on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. DA Davidson dropped their price target on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group reduced their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Toast from $39.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.21.

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.