Toast Inc’s filing revealed that its Chief Financial Officer Gomez Elena unloaded Company’s shares for reported $0.35 million on Apr 02 ’24. In the deal valued at $23.40 per share,15,063 shares were sold. As a result of this transaction, Gomez Elena now holds 187,609 shares worth roughly $4.22 million.
Then, Narang Aman sold 2,471 shares, generating $57,812 in total proceeds. Upon selling the shares at $23.40, the CEO now owns 1,114,454 shares.
Before that, Vassil Jonathan sold 2,282 shares. Toast Inc shares valued at $53,390 were divested by the Chief Revenue Officer at a price of $23.40 per share. As a result of the transaction, Vassil Jonathan now holds 25,422 shares, worth roughly $0.57 million.
Keefe Bruyette initiated its Toast Inc [TOST] rating to a Mkt perform in a research note published on April 09, 2024; the price target was $25. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Outperform”. Evercore ISI began covering TOST with “an Outperform” recommendation on March 04, 2024. Redburn Atlantic revised its rating on February 07, 2024. It rated TOST as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TOST
On Monday, Toast Inc [NYSE:TOST] saw its stock fall -5.54% to $22.50. Over the last five days, the stock has lost -2.89%. Toast Inc shares have risen nearly 23.22% since the year began. Nevertheless, the stocks have risen 25.21% over the past one year. While a 52-week high of $27.00 was reached on 03/07/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $22.61, while 200 days put it at $19.84. A total of 5.77 million shares were traded, compared to the trading of 8.16 million shares in the previous session.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 21.84, which if violated will result in even more drops to 21.17. On the upside, there is a resistance level at 23.70. A further resistance level may holdings at 24.89. The Relative Strength Index (RSI) on the 14-day chart is 44.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.28%. Stochastics %K at 41.28% indicates the stock is a holding.
The most recent change occurred on January 31, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $19 price target.
