Toast (NYSE:TOST) CRO Sells $501,655.31 in Stock

Key Points

• Toast CRO Jonathan Vassil sold 13,931 shares at an average price of $36.01, generating $501,655.31. The transaction, executed under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 16.6% to 69,966 shares.
• Toast shares recently traded at $36.61, up $1.29, with a market capitalization of approximately $18.82 billion. The company’s latest quarter produced $1.91 billion in revenue, up 23.1% year over year, but earnings per share of $0.26 fell short of the $0.32 analyst consensus.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $39.00, while institutional investors own 82.91% of Toast’s outstanding shares.

Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 13,931 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $36.01, for a total value of $501,655.31. Following the completion of the sale, the executive directly owned 69,966 shares of the company's stock, valued at $2,519,475.66. The trade was a 16.60% decrease in their ownership of the stock. The sale was disclosed in a 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 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 value of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were 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 stock was 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 transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The shares were sold at an average price of $28.85, for a total transaction of $191,765.95.

Toast Stock Performance

Shares of Toast stock traded up $1.29 during trading hours on Friday, reaching $36.61. The company's stock had a trading volume of 7,877,290 shares, compared to its average volume of 11,610,734. Toast, Inc. has a one year low of $22.26 and a one year high of $45.64. The company has a market capitalization of $18.82 billion, a P/E ratio of 46.94 and a beta of 1.72. The stock's fifty day simple moving average is $30.19 and its two-hundred day simple moving average is $28.00.

Toast (NYSE:TOST - Get Free Report) last posted 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 return on equity of 23.90% and a net margin of 7.14%.The company's revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. As a group, research analysts forecast that Toast, Inc. will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in shares of Toast by 1.0% in the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company's stock worth $538,259,000 after buying an additional 157,394 shares during the last quarter. Morgan Stanley raised its position in Toast by 6.7% in the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company's stock worth $368,332,000 after acquiring an additional 653,487 shares during the period. State Street Corp raised its position in Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company's stock worth $348,729,000 after acquiring an additional 282,282 shares during the period. XN LP boosted its stake in Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company's stock valued at $319,178,000 after acquiring an additional 3,029,856 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 169,230 shares during the last quarter. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

TOST has been the subject of several recent research reports. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, May 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Toast in a research note on Monday. Canaccord Genuity Group set a $40.00 target price on shares of Toast in a report on Wednesday, August 5th. BMO Capital Markets raised their price target on shares of Toast from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Truist Financial upped their price objective on shares of Toast from $33.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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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