Jonathan Vassil Sells 6,438 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 6,438 shares of Toast stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total transaction of $168,611.22. Following the sale, the executive directly owned 146,618 shares in the company, valued at approximately $3,839,925.42. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jonathan Vassil also recently made the following trade(s):

• On Tuesday, February 3rd, Jonathan Vassil sold 1,454 shares of Toast stock. The stock was sold at an average price of $30.34, for a total value of $44,114.36.
• On Monday, January 5th, Jonathan Vassil sold 4,787 shares of Toast stock. The stock was sold at an average price of $34.38, for a total value of $164,577.06.

Toast Stock Down 0.1%

NYSE:TOST opened at $26.44 on Friday. Toast, Inc. has a 52 week low of $24.35 and a 52 week high of $49.66. The stock’s fifty day moving average is $28.10 and its two-hundred day moving average is $33.27. The company has a market capitalization of $13.86 billion, a P/E ratio of 48.97 and a beta of 1.90.

Toast (NYSE:TOST) last released its quarterly earnings results 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. Sell-side analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast declared that its board has approved a share buyback plan on Thursday, February 12th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TOST shares. Jefferies Financial Group set a $35.00 price target on shares of Toast in a research note on Friday, February 13th. DA Davidson dropped their target price on shares of Toast from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Needham & Company LLC cut their target price on Toast from $60.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Canaccord Genuity Group set a $37.00 price target on Toast in a research note on Friday, February 13th. Finally, Evercore upgraded Toast from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, January 20th. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toast presently has an average rating of “Moderate Buy” and a consensus price target of $39.88.

Toast News Summary

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bayban acquired a new position in shares of Toast in the fourth quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in Toast during the 3rd quarter worth approximately $27,000. SHP Wealth Management purchased a new position in Toast in the 4th quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new position in Toast in the 4th quarter valued at approximately $29,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Toast in the third quarter worth $30,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.