In a filing, Toast Inc revealed its Principal Accounting Officer Matlock James Michael unloaded Company’s shares for reported $96250.0 on May 03 ’24. In the deal valued at $23.19 per share,4,151 shares were sold. As a result of this transaction, Matlock James Michael now holds 46,510 shares worth roughly $1.1 million.
Then, Matlock James Michael sold 6,098 shares, generating $140,010 in total proceeds. Upon selling the shares at $22.96, the Principal Accounting Officer now owns 50,661 shares.
Before that, Gomez Elena sold 2,041 shares. Toast Inc shares valued at $46,861 were divested by the Chief Financial Officer at a price of $22.96 per share. As a result of the transaction, Gomez Elena now holds 189,480 shares, worth roughly $4.46 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 3.61% to $23.56. Over the last five days, the stock has lost -1.59%. Toast Inc shares have risen nearly 29.03% since the year began. Nevertheless, the stocks have risen 33.86% 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 $23.53, while 200 days put it at $19.79. A total of 7.11 million shares were traded, compared to the trading of 6.42 million shares in the previous session.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 23.06, which if violated will result in even more drops to 22.56. On the upside, there is a resistance level at 23.83. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 52.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.44%. Stochastics %K at 55.63% 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.
