Aman Narang Sells 1,646 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 1,646 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the transaction, the chief executive officer now directly owns 969,970 shares of the company’s stock, valued at $30,146,667.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Aman Narang also recently made the following trade(s):

• On Wednesday, October 2nd, Aman Narang sold 10,106 shares of Toast stock. The shares were sold at an average price of $27.77, for a total value of $280,643.62.

Toast Trading Up 4.3 %

NYSE TOST opened at $32.14 on Thursday. The stock has a market cap of $14.82 billion, a PE ratio of -110.82 and a beta of 1.74. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $32.15. The stock has a fifty day simple moving average of $27.78 and a 200-day simple moving average of $25.81.

Toast (NYSE:TOST) last released its quarterly 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. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) EPS. Research analysts predict that Toast, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TOST shares. Bank of America boosted their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Stephens upped their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Wedbush raised Toast to a “strong-buy” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft upped their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Morgan Stanley upped their target price on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toast has an average rating of “Moderate Buy” and an average target price of $29.30.

Hedge Funds Weigh In On Toast

A number of hedge funds have recently modified their holdings of TOST. West Branch Capital LLC purchased a new position in shares of Toast during the 2nd quarter worth $26,000. LRI Investments LLC acquired a new position in Toast during the 1st quarter worth about $27,000. Toth Financial Advisory Corp acquired a new position in Toast during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast during the 2nd quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast in the 2nd quarter valued at about $34,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

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.