Toast, Inc. (NYSE:TOST - Get Free Report) President Stephen Fredette sold 40,459 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $29.04, for a total value of $1,174,929.36. Following the completion of the transaction, the president now directly owns 1,700,282 shares of the company's stock, valued at $49,376,189.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Stephen Fredette also recently made the following trade(s):
- On Wednesday, October 9th, Stephen Fredette sold 39,768 shares of Toast stock. The shares were sold at an average price of $29.02, for a total value of $1,154,067.36.
- On Wednesday, October 2nd, Stephen Fredette sold 5,511 shares of Toast stock. The stock was sold at an average price of $27.77, for a total transaction of $153,040.47.
- On Monday, September 30th, Stephen Fredette sold 812 shares of Toast stock. The stock was sold at an average price of $28.28, for a total transaction of $22,963.36.
- On Friday, September 27th, Stephen Fredette sold 181,304 shares of Toast stock. The shares were sold at an average price of $28.56, for a total transaction of $5,178,042.24.
- On Monday, September 23rd, Stephen Fredette sold 8,057 shares of Toast stock. The stock was sold at an average price of $28.02, for a total value of $225,757.14.
- On Friday, September 20th, Stephen Fredette sold 144,238 shares of Toast stock. The stock was sold at an average price of $27.34, for a total value of $3,943,466.92.
- On Wednesday, September 18th, Stephen Fredette sold 800 shares of Toast stock. The shares were sold at an average price of $27.00, for a total value of $21,600.00.
- On Thursday, September 12th, Stephen Fredette sold 101,574 shares of Toast stock. The stock was sold at an average price of $25.73, for a total value of $2,613,499.02.
- On Tuesday, September 10th, Stephen Fredette sold 211,686 shares of Toast stock. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02.
- On Friday, August 2nd, Stephen Fredette sold 1,127 shares of Toast stock. The shares were sold at an average price of $24.00, for a total transaction of $27,048.00.
Toast Price Performance
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Shares of TOST opened at $30.32 on Friday. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $30.70. The stock's 50-day moving average is $26.26 and its two-hundred day moving average is $25.15. The stock has a market cap of $13.73 billion, a PE ratio of -60.64 and a beta of 1.76.
Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted ($0.19) EPS. On average, research analysts anticipate that Toast, Inc. will post -0.1 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TOST. Northwestern Mutual Wealth Management Co. increased its stake in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company's stock worth $927,000 after buying an additional 421 shares during the period. Park Avenue Securities LLC increased its position in shares of Toast by 1.0% during the first quarter. Park Avenue Securities LLC now owns 43,357 shares of the company's stock worth $1,080,000 after acquiring an additional 436 shares during the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of Toast by 3.1% in the first quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company's stock worth $416,000 after acquiring an additional 500 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Toast by 8.4% in the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company's stock valued at $174,000 after purchasing an additional 520 shares during the last quarter. Finally, Comerica Bank increased its holdings in Toast by 10.9% during the 1st quarter. Comerica Bank now owns 6,167 shares of the company's stock worth $154,000 after purchasing an additional 607 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TOST has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Toast from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on Toast from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Robert W. Baird increased their target price on Toast from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Mizuho upgraded Toast from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $21.00 to $33.00 in a report on Thursday, July 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Toast from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, October 14th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.78.
Get Our Latest Research Report on TOST
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.
Further Reading
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