Toast, Inc. (NYSE:TOST) Director David Yuan Sells 189,785 Shares of Stock

Toast, Inc. (NYSE:TOST) Director David Yuan sold 189,785 shares of the business’s stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Trading Down 0.1 %

Toast stock opened at $43.17 on Thursday. The firm has a market cap of $20.33 billion, a P/E ratio of -332.08, a P/E/G ratio of 54.80 and a beta of 1.74. Toast, Inc. has a 1-year low of $14.00 and a 1-year high of $44.12. The firm has a 50-day moving average of $32.11 and a 200-day moving average of $27.43.

Institutional Investors Weigh In On Toast

Several institutional investors and hedge funds have recently bought and sold shares of TOST. Advisors Asset Management Inc. increased its stake in shares of Toast by 38.2% during the first quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company’s stock valued at $102,000 after buying an additional 1,130 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Toast by 40.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 38,500 shares of the company’s stock worth $959,000 after purchasing an additional 11,061 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Toast in the 1st quarter worth about $244,000. Comerica Bank lifted its position in shares of Toast by 10.9% in the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after purchasing an additional 607 shares during the period. Finally, LBP AM SA bought a new stake in shares of Toast during the 1st quarter valued at about $466,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. DA Davidson upped their price objective on shares of Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. Finally, Bank of America upped their target price on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.86.

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.