Jonathan Vassil Sells 100,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $36.55, for a total transaction of $3,655,000.00. Following the completion of the transaction, the executive now owns 39,834 shares of the company’s stock, valued at $1,455,932.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 4th, Jonathan Vassil sold 1,367 shares of Toast stock. The stock was sold at an average price of $31.08, for a total value of $42,486.36.
• On Friday, October 18th, Jonathan Vassil sold 50,000 shares of Toast stock. The stock was sold at an average price of $30.39, for a total transaction of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The stock was sold at an average price of $27.77, for a total transaction of $132,740.60.

Toast Price Performance

Shares of NYSE TOST traded up $1.48 during trading hours on Tuesday, hitting $39.43. 12,544,074 shares of the stock were exchanged, compared to its average volume of 7,278,629. The company’s 50 day moving average is $28.45 and its 200 day moving average is $26.11. Toast, Inc. has a one year low of $13.77 and a one year high of $39.80. The firm has a market capitalization of $18.18 billion, a P/E ratio of -304.31 and a beta of 1.74.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently made changes to their positions in TOST. West Branch Capital LLC bought a new position in Toast during the 2nd quarter worth approximately $26,000. LRI Investments LLC bought a new position in shares of Toast in the first quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in Toast during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast during the 2nd quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Toast during the second quarter valued at about $34,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research reports. Morgan Stanley raised their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Wells Fargo & Company upped their price target on Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.75.

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.