Toast (NYSE:TOST) CRO Jonathan Vassil Sells 13,797 Shares

Key Points

• Toast CRO Jonathan Vassil sold 13,797 shares at an average price of $36.01, totaling nearly $496,830. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 16.47% to 69,966 shares.
• Toast shares recently traded at $35.20, up 3.3%, with the stock valued at approximately $18.09 billion. The company’s latest quarterly revenue rose 23.1% year over year to $1.91 billion, although EPS of $0.26 missed analyst estimates.
• Analysts maintain a “Moderate Buy” consensus, with 17 Buy ratings and nine Holds and an average price target of $39.00. Institutional investors own 82.91% of Toast’s outstanding shares.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 13,797 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $36.01, for a total value of $496,829.97. Following the sale, the executive directly owned 69,966 shares of the company's stock, valued at approximately $2,519,475.66. This represents a 16.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 value 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 value 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 value 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 value of $191,765.95.

Toast Trading Up 3.3%

NYSE TOST traded up $1.14 during trading on Thursday, reaching $35.20. 8,012,682 shares of the company's stock were exchanged, compared to its average volume of 11,763,831. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $45.64. The company's fifty day simple moving average is $28.95 and its 200-day simple moving average is $27.89. The firm has a market capitalization of $18.09 billion, a PE ratio of 45.12 and a beta of 1.72.

Toast (NYSE:TOST - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The business 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%. Toast's revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts forecast that Toast, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

A number of large investors have recently bought and sold shares of TOST. Globeflex Capital L P acquired a new position in Toast during the second quarter worth $4,526,000. Ballast Inc. acquired a new stake in shares of Toast in the second quarter worth about $214,000. Canvas Wealth Advisors LLC bought a new stake in shares of Toast during the 2nd quarter worth about $345,000. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of Toast by 138.8% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company's stock worth $7,807,000 after acquiring an additional 153,928 shares in the last quarter. Finally, Stonekeep Investments LLC bought a new position in shares of Toast in the 2nd quarter valued at approximately $208,000. 82.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TOST shares. DA Davidson boosted their price target on shares of Toast from $30.00 to $34.00 and gave the company a "neutral" rating in a report on Monday. Evercore reiterated an "outperform" rating on shares of Toast in a report on Wednesday, August 5th. Morgan Stanley set a $45.00 target price on Toast in a research note on Friday, May 8th. Canaccord Genuity Group set a $40.00 target price on Toast in a research report on Wednesday, August 5th. Finally, Robert W. Baird lifted their price target on Toast from $30.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Toast Company Profile

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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