Toast slides 3.2% as investors weigh fresh product news ahead of this week’s earnings

Toast, Inc. (TOST) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to positioning ahead of Toast’s upcoming earnings report, with traders potentially taking profits or reducing risk despite a string of upbeat product and partnership announcements. There was no single, clearly negative company-specific headline that neatly explains the decline, so near-term sentiment and pre-earnings volatility may be the bigger driver.

Details:

Toast debuted “Toast IQ Grow,” featuring an AI-powered marketing agent and a broader spring product release aimed at helping operators drive demand, automate work, and grow revenue.

The company also announced a new alliance partnership with Preferred Hotels & Resorts through the hotel brand’s Alliance Partner Program, expanding Toast’s hospitality footprint beyond core restaurants.

Toast is scheduled to report its next quarterly results later this week, which can amplify day-to-day swings as investors adjust exposure ahead of guidance and forward-looking commentary.

This could also reflect broader churn in growth/software and fintech-adjacent names, where stocks can trade down even on positive product news when the market’s risk appetite softens.

Sources:

Toast (press release), MarketBeat, Finviz

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 insiders have traded $TOST stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.

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

JONATHAN VASSIL (Chief Revenue Officer) has made 0 purchases and 5 sales selling 80,511 shares for an estimated $2,809,268.
AMAN NARANG (CEO) has made 0 purchases and 4 sales selling 25,434 shares for an estimated $759,450.
ELENA GOMEZ (President, CFO) has made 0 purchases and 4 sales selling 19,059 shares for an estimated $578,617.
STEPHEN FREDETTE (President) has made 0 purchases and 4 sales selling 14,947 shares for an estimated $451,874.
BRIAN R ELWORTHY (General Counsel) has made 0 purchases and 4 sales selling 8,674 shares for an estimated $266,795.
SUSAN CHAPMAN-HUGHES sold 8,500 shares for an estimated $246,245

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

$TOST Hedge Fund Activity

We have seen 402 institutional investors add shares of $TOST stock to their portfolio, and 351 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 6,068,369 shares (-56.8%) from their portfolio in Q4 2025, for an estimated $215,487,783
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 5,690,034 shares (-75.1%) from their portfolio in Q4 2025, for an estimated $202,053,107
VALUEACT HOLDINGS, L.P. added 4,618,077 shares (+135.9%) to their portfolio in Q4 2025, for an estimated $163,987,914
1832 ASSET MANAGEMENT L.P. added 4,064,200 shares (+inf%) to their portfolio in Q4 2025, for an estimated $144,319,742
DURABLE CAPITAL PARTNERS LP removed 4,061,875 shares (-63.9%) from their portfolio in Q4 2025, for an estimated $144,237,181
BALYASNY ASSET MANAGEMENT L.P. added 4,021,923 shares (+41115.5%) to their portfolio in Q4 2025, for an estimated $142,818,485
LORD, ABBETT & CO. LLC removed 3,148,033 shares (-94.8%) from their portfolio in Q4 2025, for an estimated $111,786,651

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

$TOST Analyst Ratings

Wall Street analysts have issued reports on $TOST in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/13/2026
UBS issued a "Buy" rating on 12/04/2025
JP Morgan issued a "Overweight" rating on 12/04/2025
BNP Paribas Exane issued a "Outperform" rating on 12/01/2025
Truist Securities issued a "Buy" rating on 11/13/2025

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

$TOST Price Targets

Multiple analysts have issued price targets for $TOST recently. We have seen 13 analysts offer price targets for $TOST in the last 6 months, with a median target of $39.0.

Here are some recent targets:

Andrew Bauch from BMO Capital set a target price of $35.0 on 04/22/2026
Dominick Gabriele from Loop Capital set a target price of $26.0 on 03/31/2026
Dan Dolev from Mizuho set a target price of $45.0 on 02/17/2026
Peter Heckmann from DA Davidson set a target price of $33.0 on 02/17/2026
Will Nance from Goldman Sachs set a target price of $31.0 on 02/17/2026
Mayank Tandon from Needham set a target price of $35.0 on 02/13/2026
Rayna Kumar from Oppenheimer set a target price of $39.0 on 02/13/2026

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