Aman Narang Sells 1,646 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 1,646 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the sale, the chief executive officer now owns 969,970 shares of the company’s stock, valued at $30,146,667.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Aman Narang also recently made the following trade(s):

• On Wednesday, October 2nd, Aman Narang sold 10,106 shares of Toast stock. The shares were sold at an average price of $27.77, for a total value of $280,643.62.

Toast Stock Up 1.6 %

NYSE TOST opened at $30.81 on Wednesday. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $31.57. The company has a fifty day simple moving average of $27.61 and a two-hundred day simple moving average of $25.77.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts expect that Toast, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research reports. Wedbush raised shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Bank of America increased their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. DA Davidson boosted their price target on Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.30.

Institutional Investors Weigh In On Toast

Large investors have recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Toast during the 1st quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in Toast during the second quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in Toast during the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toast in the second quarter valued at $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.