Aware Super Pty Ltd as trustee of Aware Super Purchases New Stake in Toast, Inc. $TOST

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Toast, Inc. (NYSE:TOST) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 253,331 shares of the company’s stock, valued at approximately $6,716,000.

Several other large investors also recently added to or reduced their stakes in TOST. Bayban purchased a new position in shares of Toast during the 4th quarter worth $25,000. SHP Wealth Management purchased a new stake in shares of Toast in the fourth quarter valued at about $29,000. Strive Financial Group LLC purchased a new stake in shares of Toast in the fourth quarter valued at about $29,000. Central Pacific Bank Trust Division grew its holdings in shares of Toast by 123.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 943 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares during the period. Finally, Silicon Valley Capital Partners acquired a new stake in Toast during the fourth quarter worth about $36,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toast

In related news, CFO Elena Gomez sold 11,605 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total transaction of $334,804.25. Following the completion of the sale, the chief financial officer owned 185,150 shares in the company, valued at $5,341,577.50. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Aman Narang sold 14,365 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $28.85, for a total value of $414,430.25. Following the completion of the transaction, the chief executive officer directly owned 70,451 shares of the company’s stock, valued at $2,032,511.35. This trade represents a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 159,265 shares of company stock worth $4,278,832. 10.03% of the stock is currently owned by corporate insiders.

Toast Trading Down 0.8%

Toast stock opened at $30.08 on Friday. The stock has a market cap of $15.52 billion, a P/E ratio of 46.28 and a beta of 1.74. The company has a fifty day simple moving average of $25.91 and a 200-day simple moving average of $28.25. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $49.66.

Toast (NYSE:TOST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Toast had a return on equity of 20.86% and a net margin of 6.39%.The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. As a group, sell-side analysts forecast that Toast, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TOST has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of Toast in a report on Wednesday, June 10th. They issued an “overweight” rating and a $32.00 target price on the stock. Morgan Stanley set a $45.00 price target on shares of Toast in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a report on Wednesday, May 20th. Wall Street Zen lowered Toast from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Toast in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.96.

Toast Profile

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.