Toast (NYSE:TOST) CRO Sells $232,206.80 in Stock

Key Points

• Toast's Chief Revenue Officer, Jonathan Vassil, sold 6,530 shares of the company's stock for a total of $232,206.80, reducing his ownership by 8.54% to 69,932 shares.
• The company's shares traded at $36.58 with a market capitalization of $18.66 billion, and analysts have a consensus rating of "Moderate Buy" with an average target price of $46.30.
• Toast reported a net revenue of $1.55 billion for the last quarter, exceeding expectations, although its earnings per share missed estimates by 10 cents.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 6,530 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $35.56, for a total transaction of $232,206.80. Following the completion of the sale, the executive owned 69,932 shares in the company, valued at $2,486,781.92. This represents a 8.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, August 4th, Jonathan Vassil sold 1,427 shares of Toast stock. The stock was sold at an average price of $48.38, for a total value of $69,038.26.

Toast Price Performance

Shares of TOST traded up $0.45 during trading hours on Friday, hitting $36.58. The stock had a trading volume of 8,239,534 shares, compared to its average volume of 7,580,688. The firm has a market capitalization of $18.66 billion, a PE ratio of 107.60 and a beta of 1.94. Toast, Inc. has a 12 month low of $27.65 and a 12 month high of $49.66. The stock has a fifty day moving average price of $42.57 and a 200 day moving average price of $40.76.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Toast had a return on equity of 14.19% and a net margin of 4.07%.The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the business posted $0.02 earnings per share. The company's revenue for the quarter was up 24.8% on a year-over-year basis. As a group, analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on TOST. Needham & Company LLC increased their target price on shares of Toast from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group increased their price objective on shares of Toast from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Toast in a research note on Thursday, July 17th. They set a "buy" rating and a $54.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Toast from $50.00 to $42.00 and set a "market perform" rating for the company in a report on Wednesday. Finally, Morgan Stanley raised their price target on Toast from $50.00 to $54.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.30.

Institutional Trading of Toast

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Toast by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,411,722 shares of the company's stock worth $1,966,995,000 after buying an additional 466,138 shares during the period. Price T Rowe Associates Inc. MD grew its position in Toast by 17.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,454,209 shares of the company's stock valued at $777,978,000 after acquiring an additional 3,490,686 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Toast by 7.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 15,520,360 shares of the company's stock valued at $514,811,000 after acquiring an additional 1,082,958 shares during the last quarter. State Street Corp increased its stake in Toast by 2.7% in the second quarter. State Street Corp now owns 9,212,889 shares of the company's stock worth $408,039,000 after purchasing an additional 245,276 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Toast by 331.0% during the second quarter. Jennison Associates LLC now owns 8,601,887 shares of the company's stock worth $380,978,000 after purchasing an additional 6,606,245 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Toast Company Profile

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.

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