Toasts 340 Million Volume Ranks 295th as Institutional Bets Diverge and Analysts Stay Bullish

On August 11, 2025, Toast (TOST) traded with a volume of $340 million, ranking 295th in market activity. The stock rose 0.42%, reflecting modest short-term momentum amid mixed institutional activity.

Institutional investors showed divergent moves. Forsta AP Fonden reduced its stake by 9.1%, while National Bank of Canada and Citigroup significantly increased holdings, with the former raising its position by 971.6%. Swiss National Bank and Mitsubishi UFJ Asset Management also added to their stakes, indicating cautious optimism about long-term growth potential.

Insider transactions added complexity. General Counsel Brian Elworthy and CEO Aman Narang each sold small fractions of their holdings, totaling $50,847 and $83,165 respectively. Analysts, however, remained bullish: Needham & Company raised its price target to $60, Jefferies to $54, and Citigroup reiterated a "buy" rating. A "Moderate Buy" consensus with a $45.54 target persists despite recent insider sales.

Earnings results for the latest quarter revealed mixed signals. Toast reported $0.13 EPS, missing estimates by $0.10, but revenue grew 24.8% year-over-year to $1.55 billion. The company’s net margin of 4.07% and return on equity of 14.19% highlight operational resilience amid competitive pressures.

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