Aman Narang Sells 13,463 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 13,463 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $352,595.97. Following the completion of the sale, the chief executive officer directly owned 54,013 shares in the company, valued at $1,414,600.47. This trade represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 3rd, Aman Narang sold 1,648 shares of Toast stock. The stock was sold at an average price of $30.34, for a total transaction of $50,000.32.
• On Monday, January 5th, Aman Narang sold 8,591 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $295,358.58.

Toast Stock Performance

NYSE:TOST opened at $26.44 on Friday. Toast, Inc. has a one year low of $24.35 and a one year high of $49.66. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90. The firm’s fifty day moving average is $28.10 and its two-hundred day moving average is $33.27.

Toast (NYSE:TOST) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a net margin of 5.56% and a return on equity of 18.14%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast announced that its board has approved a stock repurchase program on Thursday, February 12th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Cim LLC increased its holdings in Toast by 0.7% in the 2nd quarter. Cim LLC now owns 38,302 shares of the company’s stock worth $1,696,000 after acquiring an additional 273 shares in the last quarter. Wynn Capital LLC raised its position in Toast by 2.1% during the fourth quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after acquiring an additional 280 shares during the period. Bridgewater Advisors Inc. lifted its holdings in Toast by 2.3% during the third quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock valued at $472,000 after purchasing an additional 294 shares in the last quarter. Trinity Financial Advisors LLC lifted its holdings in Toast by 2.5% during the third quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock valued at $442,000 after purchasing an additional 296 shares in the last quarter. Finally, Purus Wealth Management LLC grew its position in shares of Toast by 5.8% in the third quarter. Purus Wealth Management LLC now owns 6,002 shares of the company’s stock valued at $219,000 after purchasing an additional 330 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TOST. Citigroup lowered their price objective on Toast from $51.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Wolfe Research lowered shares of Toast from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toast in a research note on Monday, December 29th. UBS Group set a $40.00 price target on shares of Toast in a report on Friday, February 13th. Finally, Jefferies Financial Group set a $35.00 price target on shares of Toast in a research report on Friday, February 13th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Toast presently has an average rating of “Moderate Buy” and an average price target of $39.88.

More Toast News

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing

Toast Company Profile

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.