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Christopher Comparato, CEO of Toast , Inc. (NYSE:TOST), recently sold 70,000 shares of Class A common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $35.707, totaling approximately $2.5 million. The sale was part of a pre-arranged trading plan adopted by Comparato in November 2024. The transaction comes as Toast, now valued at $20.6 billion, maintains a strong financial health rating according to InvestingPro analysis.
In addition to the sale, Comparato also exercised options to acquire 70,000 shares of the company’s stock at $1.52 per share. Following these transactions, he holds 164,796 shares of Class A common stock directly. Comparato also owns 8,968,280 shares of Class B common stock, which can be converted into Class A shares at any time. The company has shown impressive revenue growth of 28% in the last twelve months, with analysts setting price targets ranging from $26.50 to $60.00 per share.
These transactions highlight Comparato’s ongoing involvement with Toast, a company specializing in computer processing and data preparation services. The stock sales and option exercises are part of his financial strategy as he continues to lead the company. With the next earnings report due on May 13, 2025, investors seeking deeper insights into insider trading patterns and company fundamentals can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Toast Inc. reported fourth-quarter earnings that exceeded DA Davidson’s projections, with revenue 2% higher and adjusted EBITDA 16% above expectations. This strong performance led DA Davidson to raise Toast’s price target from $38.00 to $42.00, although the firm maintained a Neutral rating on the stock. Toast also provided its initial guidance for 2025, projecting a 23%-25% growth in Non-GAAP FinTech & Subscription gross profit and a 37%-42% increase in adjusted EBITDA.
UBS analyst Tim Chiodo reaffirmed a Buy rating with a $47.00 price target for Toast, citing the company’s potential to capture a significant share of new restaurant cloud POS locations in the U.S. by 2025. Piper Sandler also maintained a Neutral rating with a $35.00 price target, highlighting Toast’s substantial growth in subscription and financial products gross profit and a notable EBITDA margin expansion in 2024. The firm anticipates continued strong growth and profitability for Toast, despite planned investments in international markets and the food and beverage sector.
In a recession scenario, Bernstein analysts suggest that Toast may face high single-digit negative revisions in gross profit and double-digit reductions in EPS due to its exposure to new business formation and discretionary spending. Despite these potential challenges, Toast’s strategic focus on expanding its reach and product offerings positions it for sustained growth.
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