Toast Inc’s recent filing unveils that its Chief Financial Officer Gomez Elena unloaded Company’s shares for reported $0.52 million on Oct 02 ’24. In the deal valued at $27.77 per share,18,650 shares were sold. As a result of this transaction, Gomez Elena now holds 188,868 shares worth roughly $5.43 million.
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Then, Gomez Elena sold 12,500 shares, generating $355,176 in total proceeds. Upon selling the shares at $28.41, the Chief Financial Officer now owns 207,518 shares.
Before that, Fredette Stephen sold 5,511 shares. Toast Inc shares valued at $153,013 were divested by the President at a price of $27.77 per share. As a result of the transaction, Fredette Stephen now holds 1,841,468 shares, worth roughly $52.98 million.
Cleveland Research initiated its Toast Inc [TOST] rating to a Buy in a research note published on September 27, 2024; the price target was $33. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “an Outperform”. Wedbush began covering TOST with “an Outperform” recommendation on May 24, 2024. Robert W. Baird revised its rating on May 21, 2024. It rated TOST as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TOST
On Friday, Toast Inc [NYSE:TOST] saw its stock jump 3.19% to $28.77. Over the last five days, the stock has gained 2.75%. Toast Inc shares have risen nearly 57.56% since the year began. Nevertheless, the stocks have risen 65.25% over the past one year. While a 52-week high of $29.92 was reached on 09/27/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $25.41, while 200 days put it at $23.34.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 28.29, which if violated will result in even more drops to 27.81. On the upside, there is a resistance level at 29.04. A further resistance level may holdings at 29.31. The Relative Strength Index (RSI) on the 14-day chart is 64.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.71%. Stochastics %K at 51.23% 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 2024-09-13, growing by 4.63 million shares to a total of 38.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 33.51 million shares. There was a rise of 12.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 09, 2024 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $25 price target.
