Toast (NYSE:TOST) CFO Elena Gomez Sells 1,437 Shares of Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 1,437 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total transaction of $43,598.58. Following the sale, the chief financial officer owned 164,629 shares of the company’s stock, valued at $4,994,843.86. This trade represents a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Elena Gomez also recently made the following trade(s):

• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Price Performance

Shares of TOST opened at $28.28 on Thursday. The company has a market capitalization of $14.56 billion, a P/E ratio of 65.77 and a beta of 1.93. Toast, Inc. has a one year low of $27.28 and a one year high of $49.66. The business’s 50 day simple moving average is $34.50 and its 200-day simple moving average is $38.20.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

TOST has been the subject of a number of research analyst reports. BNP Paribas Exane raised shares of Toast from a “hold” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Monday, December 1st. JPMorgan Chase & Co. raised Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective on the stock in a report on Thursday, December 4th. Citigroup upgraded Toast to a “strong-buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group reduced their price target on Toast from $51.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, DA Davidson cut their price target on shares of Toast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.55.

Institutional Investors Weigh In On Toast

Several institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new position in Toast during the 3rd quarter worth about $27,000. RiverPark Advisors LLC bought a new position in shares of Toast during the second quarter worth about $30,000. Alpine Bank Wealth Management bought a new stake in Toast in the 3rd quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Toast in the second quarter valued at approximately $31,000. Finally, Central Pacific Bank Trust Division boosted its holdings in Toast by 123.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Key Headlines Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: The Motley Fool published a bullish take noting Toast’s recurring-revenue model, accelerating revenue (now over $2B) and that the company has “crossed into sustainable profitability” with room to scale — a constructive fundamental note for longer-term holders. This Restaurant-Focused Fintech Has a Recurring-Revenue Machine
• Neutral Sentiment: News aggregators flagged TOST among several tech names trading down this morning, which suggests broader sector or market pressure is contributing to the move rather than company-specific bad news. Toast, Autodesk, Bandwidth, GoDaddy, and Palo Alto Networks stocks trade down
• Negative Sentiment: Several senior executives sold shares on Feb 3 (CEO Aman Narang 1,648; CFO Elena Gomez 1,437; CRO Jonathan Vassil 1,454; President Stephen Fredette 1,060; GC Brian Elworthy 648), totaling ~6,247 shares for ~$189.5k at an average price of $30.34. While each sale represented only a small percentage reduction in their individual holdings (<1% for most), clustered insider sales can sap near-term sentiment and amplify downside. Filings: CEO filing CFO filing CRO filing President filing GC filing

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.