Aman Narang Sells 989 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Rating) COO Aman Narang sold 989 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $19.33, for a total value of $19,117.37. Following the completion of the sale, the chief operating officer now directly owns 2,554,624 shares of the company’s stock, valued at approximately $49,380,881.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, April 4th, Aman Narang sold 1,896 shares of Toast stock. The stock was sold at an average price of $23.66, for a total transaction of $44,859.36.
  • On Thursday, February 10th, Aman Narang sold 182,762 shares of Toast stock. The shares were sold at an average price of $30.08, for a total transaction of $5,497,480.96.

Shares of NYSE TOST opened at $16.45 on Friday. The business’s 50 day moving average is $19.46 and its 200-day moving average is $30.30. Toast, Inc. has a 1-year low of $15.82 and a 1-year high of $69.93.

Toast (NYSE:TOSTGet Rating) last announced its earnings results on Tuesday, February 15th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.27). The firm had revenue of $512.00 million for the quarter, compared to the consensus estimate of $484.55 million. Equities research analysts predict that Toast, Inc. will post -0.99 earnings per share for the current year.

TOST has been the topic of several recent research reports. KeyCorp decreased their target price on shares of Toast from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 24th. Moffett Nathanson initiated coverage on shares of Toast in a report on Tuesday, April 5th. They set a “sell” rating and a $19.00 price objective on the stock. Morgan Stanley lowered their target price on Toast from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, February 16th. Sanford C. Bernstein assumed coverage on shares of Toast in a research report on Tuesday, March 22nd. They set a “market perform” rating and a $19.00 target price for the company. Finally, Credit Suisse Group began coverage on shares of Toast in a research report on Monday, March 28th. They issued a “neutral” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of Toast in the first quarter valued at approximately $360,000. New York State Common Retirement Fund lifted its position in shares of Toast by 356.6% during the 1st quarter. New York State Common Retirement Fund now owns 338,300 shares of the company’s stock valued at $7,351,000 after acquiring an additional 264,202 shares during the period. Bridgewater Advisors Inc. increased its position in shares of Toast by 6.8% in the first quarter. Bridgewater Advisors Inc. now owns 16,660 shares of the company’s stock worth $362,000 after purchasing an additional 1,060 shares during the period. Stephens Investment Management Group LLC raised its stake in Toast by 63.2% in the first quarter. Stephens Investment Management Group LLC now owns 960,514 shares of the company’s stock valued at $20,872,000 after purchasing an additional 371,923 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Toast by 5,063.8% during the first quarter. Stephens Inc. AR now owns 10,276 shares of the company’s stock worth $223,000 after purchasing an additional 10,077 shares during the period. Institutional investors own 38.86% of the company’s stock.

About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

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