Toast Inc’s recent filing unveils that its Director Bessemer Venture Partners IX I acquired Company’s shares for reported $17.95 million on Nov 15 ’24. In the deal valued at $40.36 per share,444,800 shares were bought.
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Then, Bessemer Venture Partners IX L bought 555,200 shares, generating $22,407,872 in total proceeds.
Before that, Bennett Richard Kent sold 100,000 shares. Toast Inc shares valued at $3,667,000 were divested by the Director at a price of $36.67 per share. As a result of the transaction, Bennett Richard Kent now holds 418,591 shares, worth roughly $16.67 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 Monday, Toast Inc [NYSE:TOST] saw its stock fall -1.92% to $39.82. Over the last five days, the stock has gained 4.93%. Toast Inc shares have risen nearly 118.07% since the year began. Nevertheless, the stocks have risen 179.44% over the past one year. While a 52-week high of $41.05 was reached on 11/15/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $30.07, while 200 days put it at $25.50.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 39.15, which if violated will result in even more drops to 38.49. On the upside, there is a resistance level at 40.75. A further resistance level may holdings at 41.69. The Relative Strength Index (RSI) on the 14-day chart is 81.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.90%. Stochastics %K at 94.18% indicates the stock is a selling.
How much short interest is there in Toast Inc?
A steep rise in short interest was recorded in Toast Inc stocks on 2024-10-31, dropping by -2.53 million shares to a total of 31.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 34.26 million shares. There was a decline of -7.96%, 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.
