Elena Gomez Sells 31,248 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST - Get Free Report) CFO Elena Gomez sold 31,248 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $30.37, for a total value of $949,001.76. Following the sale, the chief financial officer now directly owns 157,620 shares in the company, valued at $4,786,919.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Elena Gomez also recently made the following trade(s):

• On Tuesday, October 1st, Elena Gomez sold 12,500 shares of Toast stock. The shares were sold at an average price of $28.41, for a total value of $355,125.00.
• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The stock was sold at an average price of $24.00, for a total transaction of $51,888.00.

Toast Trading Down 0.5 %

Shares of TOST traded down $0.15 during mid-day trading on Tuesday, hitting $29.37. The company's stock had a trading volume of 3,381,274 shares, compared to its average volume of 7,150,183. The company's 50-day moving average is $26.46 and its 200-day moving average is $25.27. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $30.70. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of -58.74 and a beta of 1.76.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned ($0.19) earnings per share. Toast's revenue was up 27.0% on a year-over-year basis. As a group, sell-side analysts predict that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toast

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its position in Toast by 2,731.0% during the third quarter. International Assets Investment Management LLC now owns 95,971 shares of the company's stock valued at $2,717,000 after acquiring an additional 92,581 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Toast by 1.6% during the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company's stock worth $797,000 after purchasing an additional 441 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 720 shares during the last quarter. 1858 Wealth Management LLC acquired a new stake in shares of Toast in the 3rd quarter worth $209,000. Finally, Toth Financial Advisory Corp purchased a new position in Toast during the 3rd quarter worth $28,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

TOST has been the subject of several analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $27.00 target price on shares of Toast in a report on Wednesday, August 7th. Bank of America boosted their target price on Toast from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Mizuho upgraded Toast from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $21.00 to $33.00 in a report on Thursday, July 18th. Finally, Robert W. Baird upped their price objective on Toast from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.94.

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.