The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Toast Inc. shares valued at $2,461,340 were sold by Comparato Christopher P on Feb 21. At $19.09 per share, Comparato Christopher P sold 128,947 shares. The insider’s holdings dropped to 386,841 shares worth approximately $7.12 million following the completion of this transaction.
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Also, Comparato Christopher P sold 33,333 shares, netting a total of over 636,294 in proceeds. Following the sale of shares at $19.09 each, the insider now holds 143,228 shares.
Before that, Matlock James Michael had sold 359 shares from its account. In a trade valued at $9,188, the Principal Accounting Officer traded Toast Inc. shares for $25.59 each. Upon closing the transaction, the insider’s holdings decreased to 359 shares, worth approximately $0.65 million.
As published in a research note from DA Davidson on February 21, 2023, Toast Inc. [TOST] has been retained to a Buy and the price target has been revised to $25. This represents a 26.36% premium over Wednesday’s closing price. Analysts at SMBC Nikko downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 13, 2023, KeyBanc Capital Markets has reiterated its “an Overweight” rating for TOST. Earlier on January 25, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for TOST stock.
Analyzing TOST Stock Performance
On Wednesday, Toast Inc. [NYSE: TOST] plunged -2.70% to $18.41. The stock’s lowest price that day was $18.105, but it reached a high of $18.96 in the same session. During the last five days, there has been a drop of approximately -8.68%. Over the course of the year, Toast Inc. shares have jumped approximately 2.11%. Shares of the company reached a 52-week high of $26.03 on 02/15/23 and a 52-week low of $17.02 on 01/06/23. A 50-day SMA is recorded $20.34, while a 200-day SMA reached $18.11. Nevertheless, trading volume fell to 7.95 million shares from 5.69 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 18.02, which, if violated, would cause prices to drop to 17.64. In the upper region, resistance lies at 18.88. The next price resistance is at 19.35. RSI (Relative Strength Index) is 38.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 96.15%, 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 steep in short interest on Jan 30, 2023 dropping by 70000.0 shares to 18.82 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 18.89 million shares. A decline of -0.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.27 of the overall float, the days-to-cover ratio (short ratio) decline to 4.27.
Which companies own the most shares of Toast Inc. (TOST)?
According to The Vanguard Group, Inc. filings, the company currently owns 28,215,743 shares, which is about 8.44% of the total TOST shares outstanding. The investor’s shares have appreciated by 1,011,833 from its previous 13-F filing of 27203910.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $597,165,322. Generation Investment Management acquire a 41.56% interest valued at $462.1 million while Fidelity Management & Research Co purchased a 11,318,809 stake. A total of -47,765 shares of Toast Inc. were bought by HMI Capital Management LP during the quarter, and 6,376,324 were bought by Capital Research & Management Co. In its current portfolio, BlackRock Fund Advisors holds 11,877,965 shares valued at $265.0 million.