Recent Insider Activity Could Benefit Toast Inc. (TOST)


Toast Inc.’s recent filing unveils that its Chief Executive Officer Comparato Christopher P unloaded Company’s shares for reported $1.35 million on Aug 15. In the deal valued at $23.27 per share,58,000 shares were sold. As a result of this transaction, Comparato Christopher P now holds 267,382 shares worth roughly $ 5.88 million.

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Then, Matlock James Michael sold 806 shares, generating $18,754 in total proceeds. Upon selling the shares at $23.27, the Principal Accounting Officer now owns 29,236 shares.

Before that, Matlock James Michael sold 4,151 shares. Toast Inc. shares valued at $84,784 were divested by the Principal Accounting Officer at a price of $20.43 per share. As a result of the transaction, Matlock James Michael now holds 30,042 shares, worth roughly $0.66 million.

Jefferies initiated its Toast Inc. [TOST] rating to a Buy in a research note published on Friday, July 11, 2023; the price target was $28. PT values the company’s stock at a premium of 21.5 to its Friday closing price.

Price Performance Review of TOST

On Friday, Toast Inc. [NYSE:TOST] saw its stock fall -0.86% to $21.98. On the same session, the stock had its day’s lowest price of $21.94, but rose to a high of $22.51. Over the last five days, the stock has gained 3.53%. Toast Inc. shares have risen nearly 21.91% since the year began. Nevertheless, the stocks have risen 16.11% over the past one year. While a 52-week high of $27.00 was reached on 07/18/23, a 52-week low of $15.77 was recorded on 03/24/23. SMA at 50 days reached $22.42, while 200 days put it at $20.16. A total of 3.98 million shares were traded, compared to the trading of 4.62 million shares in the previous session.

Levels Of Support And Resistance For TOST Stock

The 24-hour chart illustrates a support level at 21.78, which if violated will result in even more drops to 21.57. On the upside, there is a resistance level at 22.35. A further resistance level may holdings at 22.71. The Relative Strength Index (RSI) on the 14-day chart is 49.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.99%. Stochastics %K at 41.50% indicates the stock is a holding.

How much short interest is there in Toast Inc.?

A steep rise in short interest was recorded in Toast Inc. stocks on Aug 14, 2023, dropping by -3.9 million shares to a total of 19.89 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 23.79 million shares. There was a decline of -19.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.95% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.07.

Toast Inc. [TOST] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 31,130,423 shares, or roughly 8.56% of the outstanding TOST shares. In other words, the investor’s shares have risen by 1,655,292 from its previous 13-F filing of 29475131.0. Additionally, Capital Research & Management Co increased 39.97% of its stake after which the total value it holdings stand at $514,344,374, while Fidelity Management & Research Co added 0.20% of its stake to hold $512.37 million in the firm. At present, Generation Investment Management is holding 13,028,098 shares valued at $287.53 million. Durable Capital Partners LP owned 11,926,931 shares of the company at the time of its most recent 13F filing, worth $263.23 million.


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