Insider Selling: Toast, Inc. (NYSE:TOST) Director Sells 189,785 Shares of Stock

Toast, Inc. (NYSE:TOST) Director David Yuan sold 189,785 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the sale, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toast Stock Performance

TOST stock opened at $43.17 on Thursday. The company has a market capitalization of $20.33 billion, a PE ratio of -332.08, a price-to-earnings-growth ratio of 54.80 and a beta of 1.74. The company’s fifty day moving average price is $32.11 and its 200-day moving average price is $27.43. Toast, Inc. has a one year low of $14.00 and a one year high of $44.12.

Analyst Ratings Changes

TOST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Robert W. Baird increased their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.86.

Institutional Trading of Toast

Several hedge funds have recently bought and sold shares of TOST. D.A. Davidson & CO. increased its holdings in shares of Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after purchasing an additional 409 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after buying an additional 421 shares in the last quarter. Private Advisor Group LLC increased its stake in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after acquiring an additional 441 shares during the last quarter. CIBC Asset Management Inc increased its stake in Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock worth $357,000 after acquiring an additional 448 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.