Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato Sells 70,000 Shares

Toast, Inc. (NYSE:TOST - Get Free Report) Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total value of $2,499,700.00. Following the completion of the sale, the director now owns 164,796 shares of the company's stock, valued at $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Toast Trading Up 0.6 %

Shares of NYSE:TOST traded up $0.23 during midday trading on Tuesday, reaching $36.38. The company had a trading volume of 5,877,567 shares, compared to its average volume of 6,506,809. The stock has a market cap of $17.97 billion, a P/E ratio of -3,634.37, a P/E/G ratio of 2.16 and a beta of 1.99. The company's 50 day moving average price is $37.84 and its 200 day moving average price is $35.23. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Research analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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Institutional Trading of Toast

Several hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in Toast by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 49,663 shares of the company's stock valued at $1,406,000 after acquiring an additional 661 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Toast during the 3rd quarter valued at $397,000. CIBC Asset Management Inc raised its stake in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company's stock valued at $357,000 after purchasing an additional 448 shares during the period. Natixis Advisors LLC lifted its holdings in Toast by 43.9% during the 3rd quarter. Natixis Advisors LLC now owns 82,259 shares of the company's stock worth $2,329,000 after purchasing an additional 25,113 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Toast by 3.9% in the 3rd quarter. Swiss National Bank now owns 1,075,600 shares of the company's stock worth $30,450,000 after purchasing an additional 40,600 shares during the period. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

TOST has been the subject of several research analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. BNP Paribas set a $37.00 target price on Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price target on Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Finally, Oppenheimer started coverage on Toast in a report on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Toast currently has a consensus rating of "Hold" and a consensus target price of $40.48.

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.