Stephen Fredette Sells 7,289 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST – Get Free Report) President Stephen Fredette sold 7,289 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $26.19, for a total value of $190,898.91. Following the transaction, the president owned 920,985 shares of the company’s stock, valued at approximately $24,120,597.15. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Stephen Fredette also recently made the following trade(s):

• On Tuesday, February 3rd, Stephen Fredette sold 1,060 shares of Toast stock. The stock was sold at an average price of $30.34, for a total transaction of $32,160.40.
• On Monday, January 5th, Stephen Fredette sold 4,866 shares of Toast stock. The stock was sold at an average price of $34.38, for a total transaction of $167,293.08.

Toast Price Performance

TOST opened at $26.44 on Friday. Toast, Inc. has a 12-month low of $24.35 and a 12-month high of $49.66. The stock has a market capitalization of $13.86 billion, a PE ratio of 48.97 and a beta of 1.90. The firm’s fifty day moving average price is $28.10 and its 200 day moving average price is $33.31.

Toast (NYSE:TOST – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. Toast had a return on equity of 18.14% and a net margin of 5.56%.Toast’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. On average, equities research analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast declared that its Board of Directors has approved a stock repurchase program on Thursday, February 12th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Toast

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its position in shares of Toast by 16.8% during the 4th quarter. Hsbc Holdings PLC now owns 181,371 shares of the company’s stock worth $6,455,000 after purchasing an additional 26,032 shares during the period. Rockefeller Capital Management L.P. boosted its position in Toast by 5.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 169,122 shares of the company’s stock valued at $6,006,000 after purchasing an additional 8,676 shares during the period. Fund Advisors of America Inc FL acquired a new position in Toast during the 4th quarter valued at approximately $290,000. Corient Private Wealth LLC grew its stake in Toast by 7.3% during the 4th quarter. Corient Private Wealth LLC now owns 38,944 shares of the company’s stock worth $1,383,000 after buying an additional 2,660 shares during the last quarter. Finally, Bayban acquired a new stake in Toast in the fourth quarter worth $25,000. 82.91% of the stock is owned by institutional investors.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Neutral Sentiment: Loop Capital initiated coverage of Toast with a “Hold” rating, which removes an immediate buy catalyst and may cap near‑term upside until clearer growth/profitability signals arrive. Loop Capital coverage
• Neutral Sentiment: Toast has been heavily searched by investors (Zacks spotlight), which can increase short‑term volume and volatility but doesn’t itself change fundamentals. Zacks: Investors Heavily Search
• Negative Sentiment: Multiple senior executives sold stock on April 2 (CEO Aman Narang, CFO Elena Gomez, President Stephen Fredette, General Counsel Brian Elworthy, and CRO Jonathan Vassil), collectively disposing of roughly $1.04M of shares at about $26.19 each. The CEO’s sale reduced his holding by ~19.95%; other insiders also trimmed positions. Clustered sales by top management can be perceived negatively by the market (signaling liquidity needs or reduced insider confidence), even if they stem from routine vesting/diversification; filings are available with the SEC. CEO SEC filing