Aman Narang Sells 8,591 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 8,591 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $34.38, for a total transaction of $295,358.58. Following the completion of the transaction, the chief executive officer directly owned 338,850 shares of the company’s stock, valued at approximately $11,649,663. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, November 4th, Aman Narang sold 1,732 shares of Toast stock. The stock was sold at an average price of $35.54, for a total value of $61,555.28.

Toast Price Performance

TOST opened at $36.73 on Thursday. Toast, Inc. has a 1-year low of $28.12 and a 1-year high of $49.66. The stock has a market cap of $18.91 billion, a P/E ratio of 85.41 and a beta of 1.93. The stock’s 50 day simple moving average is $35.46 and its 200 day simple moving average is $39.73.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. Research analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group cut their price objective on Toast from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. DA Davidson set a $42.00 target price on Toast in a report on Wednesday, November 5th. Citigroup raised Toast to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, BNP Paribas upgraded Toast from a “hold” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.18.

Hedge Funds Weigh In On Toast

Large investors have recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of Toast by 7.4% during the 3rd quarter. Capital International Investors now owns 48,428,060 shares of the company’s stock valued at $1,768,256,000 after acquiring an additional 3,351,545 shares during the last quarter. Vanguard Group Inc. grew its holdings in Toast by 0.8% in the third quarter. Vanguard Group Inc. now owns 44,764,157 shares of the company’s stock valued at $1,634,339,000 after purchasing an additional 352,435 shares during the period. Jennison Associates LLC increased its position in Toast by 74.4% during the third quarter. Jennison Associates LLC now owns 15,000,561 shares of the company’s stock worth $547,670,000 after purchasing an additional 6,398,674 shares during the last quarter. State Street Corp increased its position in Toast by 3.5% during the third quarter. State Street Corp now owns 9,538,312 shares of the company’s stock worth $348,244,000 after purchasing an additional 325,423 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Toast by 2,432.8% during the third quarter. Alliancebernstein L.P. now owns 8,215,758 shares of the company’s stock worth $299,957,000 after purchasing an additional 7,891,383 shares during the period. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analyst initiation: A recent Seeking Alpha initiation recommends “Buy,” citing Toast’s scale in restaurant POS/SaaS, a narrow moat from customer switching costs, and stabilized results after earlier misses — a catalyst for buyers. Read More.
• Positive Sentiment: Solid revenue backdrop: Management’s latest quarter showed ~25% YoY revenue growth and revenue slightly above estimates, keeping analyst sentiment constructive (consensus “Moderate Buy” and average PT near $45). That fundamental strength supports upside expectations. Read More.
• Positive Sentiment: Market context: Coverage notes that Toast outperformed while the broader market dipped, suggesting relative demand for TOST among buyers today. Read More.
• Neutral Sentiment: Valuation and debate on pricing: Commentary (e.g., Yahoo Finance) questions whether current multiples and three‑year performance justify the stock price, leaving some investors assessing risk/reward rather than driving a clear directional move. Read More.
• Negative Sentiment: Large CRO sale: Chief Revenue Officer Jonathan Vassil sold 66,390 shares (~$2.38M) on Jan. 2, cutting his stake materially (~44% reduction). Large insider sells can spark concern about timing or personal diversification, pressuring sentiment. Read More.
• Negative Sentiment: Additional Jan. 5 insider sales: Multiple senior executives (CEO, CFO, President, General Counsel) disclosed modest sales at ~ $34.38. While sizes are smaller than the CRO transaction, clustered insider selling can add short‑term downward pressure or cause some investors to take profits. Read More.

About Toast

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.