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Elena Gomez, the President and CFO of Toast , Inc. (NYSE:TOST), a $20.5 billion market cap company that has delivered an impressive 53% return over the past year, recently executed a series of transactions involving the company’s Class A common stock. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.44. On April 1, 2025, Gomez acquired a total of 36,087 shares through the conversion of restricted stock units. These transactions were recorded at a price of $0 per share, as the restricted stock units convert into common stock on a one-for-one basis upon vesting and settlement.
On the following day, April 2, 2025, Gomez sold a total of 42,371 shares. The sales were executed at prices ranging from $34.998 to $35.89 per share, generating approximately $1.5 million. Notably, a portion of these sales, totaling $607,950, was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as per a pre-established Rule 10b5-1 trading plan adopted by Gomez in December 2024.
Following these transactions, Gomez holds 154,214 shares of Toast’s Class A common stock. For comprehensive insider trading analysis and 12 additional key insights about Toast, visit InvestingPro, where you’ll find detailed financial metrics and expert research reports.
In other recent news, Toast Inc. reported fourth-quarter earnings that exceeded expectations, with revenue surpassing DA Davidson’s forecast by 2% and adjusted EBITDA outperforming by 16%. This strong performance led DA Davidson to raise its price target for Toast from $38 to $42, though the firm maintained a Neutral rating on the stock. Looking ahead, Toast projects a 23%-25% increase in Non-GAAP FinTech & Subscription gross profit for 2025, alongside a 37%-42% rise in adjusted EBITDA.
UBS analyst Tim Chiodo reiterated a Buy rating with a $47 price target, highlighting Toast’s potential to capture a significant share of the U.S. restaurant market and expand internationally. Meanwhile, Piper Sandler maintained a Neutral rating with a $35 price target, citing Toast’s nearly 40% growth in subscription and financial products gross profit in 2024 and a notable EBITDA margin of 28%. The firm noted Toast’s plans to invest in international markets and the food and beverage sector in 2025, aiming for a 330 basis points improvement in EBITDA margins.
Bernstein analysts noted that in a potential recession scenario, Toast could face high single-digit negative revisions on gross profit and double-digit EPS revisions due to its exposure to new business formation and discretionary spending. Despite this, analysts express confidence in Toast’s growth and profitability trajectory, given its strategic focus on expanding its product offerings and customer base.
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