Toast, Inc. (NYSE:TOST) Director Sells $8,162,652.85 in Stock

Toast, Inc. (NYSE:TOST) Director David Yuan sold 189,785 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now directly owns 198,829 shares in the company, valued at $8,551,635.29. The trade was a 48.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toast Price Performance

Shares of Toast stock opened at $43.54 on Friday. The company’s 50 day moving average price is $33.09 and its two-hundred day moving average price is $27.77. The firm has a market capitalization of $20.51 billion, a P/E ratio of -334.92, a P/E/G ratio of 55.03 and a beta of 1.74. Toast, Inc. has a fifty-two week low of $14.45 and a fifty-two week high of $44.12.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Stephens upped their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Bank of America lifted their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Toast in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.86.

Institutional Investors Weigh In On Toast

Several hedge funds have recently modified their holdings of TOST. LRI Investments LLC bought a new position in Toast in the first quarter valued at about $27,000. West Branch Capital LLC acquired a new stake in Toast during the 2nd quarter worth approximately $26,000. Toth Financial Advisory Corp bought a new stake in Toast during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast in the 2nd quarter valued at approximately $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Toast during the second quarter valued at $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Company Profile

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.