Toast Inc’s recent filing unveils that its Chief Revenue Officer Vassil Jonathan unloaded Company’s shares for reported $1.15 million on Apr 15 ’24. In the deal valued at $22.90 per share,50,000 shares were sold. As a result of this transaction, Vassil Jonathan now holds 25,422 shares worth roughly $0.56 million.
Then, Matlock James Michael sold 798 shares, generating $18,346 in total proceeds. Upon selling the shares at $22.99, the Principal Accounting Officer now owns 40,156 shares.
Before that, Gomez Elena sold 15,063 shares. Toast Inc shares valued at $352,414 were divested by the Chief Financial Officer at a price of $23.40 per share. As a result of the transaction, Gomez Elena now holds 187,609 shares, worth roughly $4.16 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 jump 2.45% to $22.15. Over the last five days, the stock has lost -1.56%. Toast Inc shares have risen nearly 21.30% since the year began. Nevertheless, the stocks have risen 24.58% 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 $22.95, while 200 days put it at $19.83. A total of 7.71 million shares were traded, compared to the trading of 5.04 million shares in the previous session.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 21.73, which if violated will result in even more drops to 21.31. On the upside, there is a resistance level at 22.37. A further resistance level may holdings at 22.59. The Relative Strength Index (RSI) on the 14-day chart is 43.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.65%. Stochastics %K at 7.60% indicates the stock is a buying.
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.
