New insider activity at Toast Inc ( (TOST) ) has taken place on February 6, 2025.
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Several top executives at Toast Inc., including GC Brian R Elworthy, CEO Aman Narang, CRO Jonathan Vassil, CFO Elena Gomez, and President Stephen Fredette, have recently sold portions of their company stock. The transactions involve significant amounts, with Elworthy selling 653 shares, Narang 1068 shares, Vassil 1006 shares, Gomez 2052 shares, and Fredette 1068 shares, reflecting a combined sale worth over $230,000.
Recent Updates on TOST stock
Toast Inc. has seen positive developments with Oppenheimer initiating coverage with an Outperform rating, driven by its cloud-based platform which is expected to capture market share as the restaurant industry shifts to omni-channel, integrated software. The company is positioned to benefit from a large U.S. addressable market and aims to capture 2% to 2.5% market share annually. Similarly, Morgan Stanley increased Toast’s price target, emphasizing the larger-than-expected market potential and expansion into new markets. This optimism is based on Toast’s potential to significantly increase its location count over the next few years.
More about Toast Inc
YTD Price Performance: 7.86%
Average Trading Volume: 7,234,196
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.29B