Technology Investment Dining G Sells 3,600,000 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Rating) major shareholder Technology Investment Dining G sold 3,600,000 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $14.00, for a total transaction of $50,400,000.00. Following the transaction, the insider now owns 14,607,825 shares of the company’s stock, valued at approximately $204,509,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Technology Investment Dining G also recently made the following trade(s):

  • On Monday, May 16th, Technology Investment Dining G sold 945,536 shares of Toast stock. The stock was sold at an average price of $14.29, for a total transaction of $13,511,709.44.
  • On Thursday, May 12th, Technology Investment Dining G sold 3,096,741 shares of Toast stock. The stock was sold at an average price of $14.12, for a total transaction of $43,725,982.92.

Shares of NYSE:TOST traded up $0.57 on Friday, reaching $15.36. The company’s stock had a trading volume of 7,607,028 shares, compared to its average volume of 5,056,476. The stock’s 50-day moving average is $18.46 and its two-hundred day moving average is $27.27. Toast, Inc. has a 52-week low of $11.91 and a 52-week high of $69.93.

Toast (NYSE:TOSTGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.27). The company had revenue of $512.00 million for the quarter, compared to analysts’ expectations of $484.55 million. As a group, research analysts forecast that Toast, Inc. will post -0.75 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lead Edge Capital Management LLC purchased a new position in Toast during the third quarter worth about $2,498,000. Balyasny Asset Management LLC purchased a new position in Toast in the third quarter valued at about $6,182,000. Maplelane Capital LLC purchased a new position in Toast in the third quarter valued at about $1,124,000. Nikko Asset Management Americas Inc. purchased a new position in Toast in the fourth quarter valued at about $57,302,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Toast by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 352,211 shares of the company’s stock valued at $12,225,000 after buying an additional 4,177 shares in the last quarter. 38.86% of the stock is owned by hedge funds and other institutional investors.

TOST has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Toast from $34.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 8th. Credit Suisse Group began coverage on shares of Toast in a research note on Monday, March 28th. They issued a “neutral” rating and a $22.00 price objective for the company. Needham & Company LLC decreased their price objective on shares of Toast from $38.00 to $21.00 in a research note on Friday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Toast from $58.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 16th. Finally, Robert W. Baird began coverage on shares of Toast in a research note on Monday, March 14th. They issued an “outperform” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $31.33.

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

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