Richard Kent Bennett Sells 22,885 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Free Report) Director Richard Kent Bennett sold 22,885 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total value of $960,254.60. Following the transaction, the director now directly owns 395,706 shares in the company, valued at $16,603,823.76. This trade represents a 5.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Richard Kent Bennett also recently made the following trade(s):

  • On Tuesday, November 12th, Richard Kent Bennett sold 100,000 shares of Toast stock. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00.

Toast Trading Up 0.9 %

Toast stock opened at $42.74 on Monday. The firm has a market capitalization of $20.13 billion, a P/E ratio of -328.77, a P/E/G ratio of 53.98 and a beta of 1.74. Toast, Inc. has a twelve month low of $13.92 and a twelve month high of $43.29. The stock’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $27.20.

Institutional Investors Weigh In On Toast

Hedge funds have recently bought and sold shares of the stock. West Branch Capital LLC purchased a new stake in shares of Toast during the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in shares of Toast in the 1st quarter valued at $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toast during the second quarter worth $33,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Toast in the second quarter valued at $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TOST shares. Royal Bank of Canada upped their price objective on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Robert W. Baird upped their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wedbush raised their target price on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson upped their price target on Toast from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.86.

Read Our Latest Analysis on TOST

About Toast

(Get Free Report)

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.

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

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