Toast, Inc. (NYSE:TOST) CEO Aman Narang Sells 2,471 Shares of Stock

Toast, Inc. (NYSE:TOSTGet Free Report) CEO Aman Narang sold 2,471 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $57,821.40. Following the sale, the chief executive officer now owns 1,114,454 shares in the company, valued at $26,078,223.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, February 2nd, Aman Narang sold 1,030 shares of Toast stock. The shares were sold at an average price of $18.72, for a total value of $19,281.60.

Toast Stock Down 0.5 %

Shares of TOST opened at $23.28 on Thursday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The firm’s 50 day moving average price is $21.96 and its two-hundred day moving average price is $18.69.

Toast (NYSE:TOSTGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue was up 34.7% on a year-over-year basis. On average, equities analysts forecast that Toast, Inc. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Toast in a research report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price objective for the company. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $24.00 in a research report on Wednesday, January 10th. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of Toast from $19.00 to $23.00 and gave the company a “sector perform” rating in a research report on Friday, February 16th. Finally, Bank of America cut shares of Toast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $16.00 in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.20.

Get Our Latest Stock Report on Toast

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Baystate Wealth Management LLC bought a new position in Toast in the third quarter valued at approximately $29,000. Principal Securities Inc. bought a new stake in shares of Toast in the fourth quarter worth $30,000. BluePath Capital Management LLC bought a new stake in shares of Toast in the third quarter worth $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast in the fourth quarter worth $31,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Toast in the second quarter worth $38,000. Institutional investors own 82.91% of the company’s stock.

Toast Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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