Domo signs strategic collaboration agreement with AWS for AI solutions
In a recent financial move, Deval Patrick, a director at Toast , Inc. (NYSE:TOST), sold 34,222 shares of the company’s Class A common stock. The transaction, which took place on March 13, 2025, amounted to approximately $1.13 million. The shares were sold at an average price of $33.006, with the sale executed over multiple transactions at prices ranging from $32.99 to $33.055. Following this sale, Patrick retains ownership of 13,260 shares in Toast, Inc., which currently has a market capitalization of $18.75 billion and has demonstrated strong revenue growth of 28% over the last twelve months.According to InvestingPro analysis, Toast is currently trading slightly above its Fair Value, with the stock showing notable volatility in recent trading sessions. For deeper insights into Toast’s valuation and 10+ additional ProTips, including detailed insider trading analysis, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Toast Inc. has reported its fourth-quarter earnings, surpassing expectations with total revenue 2% higher and adjusted EBITDA 16% above forecasts from DA Davidson. This positive performance led DA Davidson to raise Toast’s price target from $38 to $42, while maintaining a Neutral rating on the stock. Toast’s initial outlook for 2025 projects a 23%-25% year-over-year growth in Non-GAAP FinTech & Subscription gross profit and a 37%-42% increase in adjusted EBITDA. Mizuho (NYSE:MFG) Securities also raised its price target for Toast from $40 to $45, keeping an Outperform rating, citing robust fourth-quarter earnings and a promising 2025 forecast. Analysts at Mizuho highlighted Toast’s international expansion and retail sector growth initiatives as significant factors for their optimistic outlook. Piper Sandler reiterated a Neutral rating with a $35 price target, noting Toast’s substantial growth in subscription and financial products gross profit and an impressive EBITDA margin. The firm anticipates continued growth and profitability for Toast, despite potential pressures from increased investments in new markets. These recent developments reflect confidence in Toast’s strategic direction and financial performance.
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