Aman Narang Sells 10,106 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 10,106 shares of Toast stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the sale, the chief executive officer now directly owns 968,095 shares of the company’s stock, valued at $26,883,998.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, August 2nd, Aman Narang sold 1,856 shares of Toast stock. The shares were sold at an average price of $24.00, for a total value of $44,544.00.

Toast Trading Up 3.2 %

TOST opened at $28.77 on Friday. The company has a market cap of $13.26 billion, a P/E ratio of -57.54 and a beta of 1.76. The business’s 50-day moving average price is $25.39 and its 200-day moving average price is $24.82. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $29.92.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned ($0.19) EPS. Toast’s revenue was up 27.0% compared to the same quarter last year. Equities research analysts forecast that Toast, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TOST shares. Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price objective on shares of Toast in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of Toast in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their price target on Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Wedbush raised Toast to a “strong-buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have issued 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Toast by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 36,677,371 shares of the company’s stock valued at $669,729,000 after purchasing an additional 1,598,248 shares during the period. Capital International Investors increased its holdings in Toast by 12.2% during the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after purchasing an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Toast by 21.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after acquiring an additional 3,445,788 shares in the last quarter. Abdiel Capital Advisors LP boosted its position in Toast by 0.3% during the 4th quarter. Abdiel Capital Advisors LP now owns 10,913,464 shares of the company’s stock valued at $199,280,000 after acquiring an additional 37,091 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its position in Toast by 9.1% during the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock valued at $248,611,000 after acquiring an additional 833,390 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.