Toast Inc’s recent filing unveils that its Chief Financial Officer Gomez Elena unloaded Company’s shares for reported $0.95 million on Oct 18 ’24. In the deal valued at $30.37 per share,31,248 shares were sold. As a result of this transaction, Gomez Elena now holds 157,620 shares worth roughly $4.65 million.
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Then, Vassil Jonathan sold 50,000 shares, generating $1,519,250 in total proceeds. Upon selling the shares at $30.39, the Chief Revenue Officer now owns 38,266 shares.
Before that, Elworthy Brian R sold 300,000 shares. Toast Inc shares valued at $9,116,100 were divested by the General Counsel at a price of $30.39 per share. As a result of the transaction, Elworthy Brian R now holds 177,836 shares, worth roughly $5.24 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 fall -1.80% to $29.49. Over the last five days, the stock has lost -2.74%. Toast Inc shares have risen nearly 61.50% since the year began. Nevertheless, the stocks have risen 78.08% over the past one year. While a 52-week high of $30.70 was reached on 10/18/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $26.75, while 200 days put it at $24.15.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 29.14, which if violated will result in even more drops to 28.79. On the upside, there is a resistance level at 30.12. A further resistance level may holdings at 30.76. The Relative Strength Index (RSI) on the 14-day chart is 58.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.67%. Stochastics %K at 63.61% 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 2024-10-15, dropping by -2.44 million shares to a total of 35.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 38.14 million shares. There was a decline of -6.85%, which implies that there is a negative 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.
