Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato Sells 145,000 Shares of Stock

Toast, Inc. (NYSE:TOST) Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Toast Trading Up 4.6 %

Shares of Toast stock opened at $37.58 on Friday. The firm has a market capitalization of $17.70 billion, a P/E ratio of -289.08, a price-to-earnings-growth ratio of 23.40 and a beta of 1.93. The business’s fifty day simple moving average is $36.23 and its 200 day simple moving average is $29.11. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12.

Institutional Investors Weigh In On Toast

Several large investors have recently modified their holdings of the stock. Synovus Financial Corp purchased a new position in shares of Toast in the third quarter worth about $425,000. Tidal Investments LLC grew its stake in Toast by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company’s stock valued at $405,000 after buying an additional 734 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Toast during the 3rd quarter valued at $59,000. Sanctuary Advisors LLC purchased a new stake in shares of Toast during the third quarter worth $327,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Toast by 35.4% in the third quarter. Toronto Dominion Bank now owns 46,319 shares of the company’s stock worth $1,311,000 after acquiring an additional 12,118 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TOST shares. Compass Point assumed coverage on Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Wells Fargo & Company increased their target price on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Bank of America increased their price target on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.81.

About Toast

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.