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Toast Rises as Investors Weigh Strong Q3 Results and Higher Outlook

Investivoq PriceTracker

Toast (TOST) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued buying after Toast’s recent third-quarter results, which showed strong revenue growth, higher earnings, and a raised full-year outlook. A clear same-day catalyst is not obvious, so part of today’s move could also be investors looking past recent regulatory pressure and refocusing on operating momentum.

Details:

  • Toast’s third-quarter earnings release showed revenue growth of more than 20% year over year, with diluted earnings per share rising to $0.29 from $0.16 a year earlier.
  • The company also lifted its 2026 outlook, giving investors a more constructive view of near-term growth and profitability.
  • Its latest quarterly filing showed the business remained profitable in the period, reinforcing the idea that margins are improving as the platform scales.
  • This could be because some investors see the recent pullback tied to an October regulatory complaint and a mid-November analyst downgrade as overdone relative to the company’s underlying results.

    • Sources:

    Toast Investor Relations, SEC, FTC

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $TOST Insider Trading Activity

    TOST Insider Trades

    $TOST insiders have traded $TOST stock on the open market 41 times in the past 6 months. Of those trades, 0 have been purchases and 41 have been sales.

    Here’s a breakdown of recent trading of $TOST stock by insiders over the last 6 months:

    • AMAN NARANG (CEO) has made 0 purchases and 7 sales selling 329,078 shares for an estimated $11,434,163.
    • JONATHAN VASSIL (Chief Revenue Officer) has made 0 purchases and 18 sales selling 207,203 shares for an estimated $7,120,652.
    • BRIAN R ELWORTHY (General Counsel) has made 0 purchases and 4 sales selling 120,859 shares for an estimated $3,170,285.
    • ELENA GOMEZ (President, CFO) has made 0 purchases and 7 sales selling 48,491 shares for an estimated $1,565,810.
    • STEPHEN FREDETTE (President) has made 0 purchases and 2 sales selling 18,514 shares for an estimated $538,841.
    • SUSAN CHAPMAN-HUGHES sold 6,885 shares for an estimated $234,985
    • ROSSANA NIOLA (Principal Accounting Officer) has made 0 purchases and 2 sales selling 3,426 shares for an estimated $114,596.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $TOST Hedge Fund Activity

    We have seen 464 institutional investors add shares of $TOST stock to their portfolio, and 377 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • BLACKROCK, INC. added 21,581,067 shares (+79.4%) to their portfolio in Q2 2026, for an estimated $600,385,283
    • CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM removed 17,247,385 shares (-96.3%) from their portfolio in Q3 2026, for an estimated $500,001,691
    • ALLIANCEBERNSTEIN L.P. removed 7,277,957 shares (-40.0%) from their portfolio in Q2 2026, for an estimated $202,472,763
    • FMR LLC added 5,844,404 shares (+17.4%) to their portfolio in Q3 2026, for an estimated $169,429,271
    • BALYASNY ASSET MANAGEMENT L.P. added 4,905,300 shares (+220.8%) to their portfolio in Q2 2026, for an estimated $136,465,446
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 4,620,110 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $128,531,460
    • QUBE RESEARCH & TECHNOLOGIES LTD removed 4,249,385 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $118,217,890

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $TOST Congressional Stock Trading

    Members of Congress have traded $TOST stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $TOST stock by members of Congress over the last 6 months:

    • REPRESENTATIVE THOMAS H. KEAN, JR. purchased up to $15,000 on 07/08.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $TOST Analyst Ratings

    Wall Street analysts have issued reports on $TOST in the last several months. We have seen 13 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Truist Securities issued a "Buy" rating on 11/10/2026
    • Morgan Stanley issued a "Overweight" rating on 11/04/2026
    • B of A Securities issued a "Buy" rating on 10/15/2026
    • Evercore ISI Group issued a "Outperform" rating on 08/05/2026
    • Piper Sandler issued a "Overweight" rating on 08/05/2026
    • Needham issued a "Buy" rating on 08/05/2026
    • BMO Capital issued a "Outperform" rating on 08/05/2026

    To track analyst ratings and price targets for $TOST, check out Investivoq's $TOST forecast page.

    $TOST Price Targets

    Multiple analysts have issued price targets for $TOST recently. We have seen 19 analysts offer price targets for $TOST in the last 6 months, with a median target of $39.0.

    Here are some recent targets:

    • Harshita Rawat from Bernstein set a target price of $38.0 on 11/11/2026
    • Matthew Coad from Truist Securities set a target price of $40.0 on 11/10/2026
    • Josh Baer from Morgan Stanley set a target price of $42.0 on 11/04/2026
    • Matthew O'Neill from B of A Securities set a target price of $40.0 on 10/15/2026
    • Thomas Poutrieux from BNP Paribas set a target price of $35.0 on 09/02/2026
    • Daniel R. Perlin from RBC Capital set a target price of $44.0 on 08/31/2026
    • Peter Heckmann from DA Davidson set a target price of $34.0 on 08/10/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.