Toast, Inc. (NYSE:TOST – Get Rating) Chief Financial Officer Elena Gomez sold 11,253 shares of the company in a trade on Tuesday, October 4. The shares were sold at an average price of $17.27, for a total transaction of $194,339.31. Following the completion of the sale, the CFO now directly owns 85,146 shares of the company, valued at $1,470,471.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.
Elena Gomez also recently made the following trade(s):
- On Tuesday, August 2, Elena Gomez sold 2,009 shares of Toast. The shares were sold at an average price of $15.44, for a total transaction of $31,018.96.
Toast Inventory Performance
Shares of TOST rose $0.30 during midday trading on Wednesday, hitting $17.87. 4,507,151 shares of the company were traded, compared to its average volume of 5,413,317. The company’s 50-day moving average price is $18.37 and its 200-day moving average price is 17 $.16. The stock has a market capitalization of $9.15 billion and a P/E ratio of -11.18. Toast, Inc. has a 12-month low of $11.91 and a 12-month high of $69.93.
Institutional investors raise a toast
A number of hedge funds have recently changed their positions in TOST. Renaissance Technologies LLC purchased a new stake in shares of Toast during the fourth quarter valued at approximately $3,783,000. Alliancebernstein LP increased its stake in Toast by 5,493.4% during the fourth quarter. Alliancebernstein LP now owns 242,026 shares of the company worth $8,401,000 after purchasing an additional 237,699 shares last quarter. Cubist Systematic Strategies LLC increased its ownership interest in Toast by 28,582.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 172,093 shares of the company worth $5,973,000 after purchasing an additional 171,493 shares last quarter. Seven Eight Capital LP acquired a new stake in Toast during the fourth quarter valued at approximately $323,000. Finally, Stephens Investment Management Group LLC increased its stake in Toast by 117,618.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 588,591 shares of the company worth $20,430,000 after purchasing an additional 588,091 shares in the last quarter. Institutional investors hold 45.65% of the company’s shares.
Wall Street analysts predict growth
Several analysts have recently released reports on the stock. Piper Sandler raised its price target on Toast shares from $22.00 to $26.00 and gave the company an “overweight” rating in a Friday, Aug. 12 report. Morgan Stanley raised its price target on Toast shares from $27.00 to $29.00 and gave the company an “overweight” rating in a Friday, August 12 report. Goldman Sachs Group raised its target price on Toast shares to $23.00 in a Monday, August 15, report. UBS Group launched a hedge on Toast shares in a report on Wednesday, September 14. They set a “neutral” rating and a target price of $22.00 on the stock. Finally, Wells Fargo & Company lowered its price target on Toast shares from $27.00 to $23.00 and set an “overweight” rating on the stock in a Thursday, September 8 report. One equity research analyst gave the stock a sell rating, seven gave the stock a hold rating and nine gave the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.59.
(Get a rating)
Toast, Inc operates a digital and cloud-based technology platform for the restaurant industry in the United States and Ireland. The Company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows customers to order and pay from their mobile devices; Toast Flex which is used for ordering and payment at the counter, as well as a server station, guest kiosk, kitchen display system or order processing station; Toast Go, a portable point-of-sale device that improves table turn times with table ordering and payment acceptance; and Toast Tap, a card reader.
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