Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Toast Inc. shares valued at $2,443,678 were sold by Comparato Christopher P on Sep 19. At $18.95 per share, Comparato Christopher P sold 128,954 shares. The insider’s holdings dropped to 1,031,576 shares worth approximately $18.85 million following the completion of this transaction.
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Also, Comparato Christopher P sold 33,336 shares, netting a total of over 631,717 in proceeds. Following the sale of shares at $18.95 each, the insider now holds 288,936 shares.
Before that, Hawkins Mark J had sold 52,790 shares from its account. In a trade valued at $1,099,088, the Director traded Toast Inc. shares for $20.82 each. Upon closing the transaction, the insider’s holdings decreased to 52,790 shares, worth approximately $1.17 million.
As published in their initiating research note from UBS on September 14, 2022, Toast Inc. [TOST] has been a Neutral and the price target has been revised to $22. This represents a 16.95% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of April 05, 2022, MoffettNathanson has initiated its “Sell” rating for TOST. Earlier on March 28, 2022, Credit Suisse initiated its rating. Their recommendation was “a Neutral” for TOST stock.
Analyzing TOST’s Price Performance
On Wednesday, Toast Inc. [NYSE: TOST] plunged -1.93% to $18.27. The stock’s lowest price that day was $18.14, but it reached a high of $19.19 in the same session. During the last five days, there has been a drop of approximately -11.05%. Over the course of the year, Toast Inc. shares have dropped approximately -47.36%. A 50-day SMA is recorded $17.73, while a 200-day SMA reached $20.54. Nevertheless, trading volume fell to 2.81 million shares from 4.66 million shares the previous day.
Support And Resistance Levels for Toast Inc. (TOST)
According to the 24-hour chart, there is a support level at 17.88, which, if violated, would cause prices to drop to 17.48. In the upper region, resistance lies at 18.93. The next price resistance is at 19.58. RSI (Relative Strength Index) is 45.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.98, which suggests the price will decrease in the coming days. Percent R is at 89.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Toast Inc. subject to short interest?
Stocks of Toast Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 5.63 million shares to 16.53 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.9 million shares. A jump of 34.06% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.48.
Which companies own the most shares of Toast Inc. (TOST)?
According to T. Rowe Price Associates, Inc. filings, the company currently owns 40,755,189 shares, which is about 12.59% of the total TOST shares outstanding. The investor’s shares have appreciated by 110,917 from its previous 13-F filing of 40644272.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $417,056,087. HMI Capital Management LP acquire a 18.94% interest valued at $298.86 million while Tiger Global Management LLC purchased a 2,020,951 stake. A total of 3,763,977 shares of Toast Inc. were bought by Generation Investment Management during the quarter, and 7,122,539 were bought by BlackRock Fund Advisors. In its current portfolio, Durable Capital Partners LP holds 7,943,291 shares valued at $150.37 million.