Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Toast CFO Elena Gomez Sells Shares
Business insider selling

Toast CFO Elena Gomez Sells Shares

Analysis based on 7 articles · First reported Aug 08, 2026 · Last updated Aug 17, 2026

Sentiment
-10
Attention
2
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The insider sales, though pre-planned, may add negative sentiment and weigh on Toast's stock price, which has already declined significantly over the past year. However, the company's strong revenue growth and analyst price target increases could offset some bearish pressure, leading to a mixed market reaction.

Restaurant Technology Software Financial Services
Event Summary

Elena Gómez, President and CFO of Toast, Inc., sold a total of 17,076 shares of Class A Common Stock on August 5 and 6, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025. The sales were executed at weighted average prices of $35.28 and $35.29, totaling approximately $602,000. Following these transactions, Gomez directly owned approximately 168,000 shares, valued at about $5.96 million. A subsequent sale of 7,924 shares on August 7 and 10, 2026, reduced her direct holdings to 160,150 shares. These insider sales occurred amid mixed quarterly results: Toast reported Q2 revenue of $1.91 billion, up 23.1% year-over-year, but missed EPS estimates ($0.26 vs. $0.32 expected). The stock has declined about 20-24% over the past year, though it has recovered from May lows. CEO Pavan Narang also sold approximately $4.9 million of stock under a 10b5-1 plan. Despite insider selling, several analysts raised price targets, and the company highlighted strong growth metrics, including a Rule of 50 score of 57% and 25% growth in annual recurring revenue to $2.4 billion.

Key Actions
80 Toast, Inc. reported earnings
50 Elena Gómez sold shares
40 Pavan Narang sold shares
30 Bank of Montreal — BMO Capital Markets raised price target Toast, Inc.
20 Needham & Company forecasted appreciation Toast, Inc.
20 Keefe, Bruyette & Woods raised price target Toast, Inc.
20 Oppenheimer Holdings raised price target Toast, Inc.
15 D.A. Davidson & Co. raised price target Toast, Inc.
15 Evercore reaffirmed rating Toast, Inc.
15 Flushing Financial Corporation raised price target Toast, Inc.
Entities Involved
stock
Toast, Inc.
Toast is the central company; its CFO's share sales and mixed earnings results are the focus. The stock has declined ~20% over the past year, but revenue growth and analyst optimism provide some support.
Importance 100.0 Sentiment -10.0
per
Elena Gómez
As CFO, Gomez sold shares under a 10b5-1 plan, reducing her stake by about 9%. The sales are routine but may signal insider sentiment; she retains a substantial holding.
Importance 90.0 Sentiment -20.0
per
Pavan Narang
CEO Narang also sold approximately $4.9 million of Toast stock under a 10b5-1 plan, contributing to insider selling pressure.
Importance 60.0 Sentiment -15.0
govactor
United States — United States Securities and Exchange Commission
The SEC received the Form 4 filings disclosing the insider transactions, ensuring regulatory compliance.
Importance 30.0 Sentiment 0.0
subs
Bank of Montreal — BMO Capital Markets
BMO raised its price target on Toast to $40, reflecting positive sentiment on the company's growth prospects.
Importance 20.0 Sentiment 20.0
priv
Needham & Company
Needham expressed expectations for meaningful appreciation in Toast's stock, reinforcing bullish sentiment.
Importance 20.0 Sentiment 20.0
priv
Keefe, Bruyette & Woods
KBW raised its price objective on Toast to $35, indicating a positive outlook.
Importance 20.0 Sentiment 15.0
stock
Oppenheimer Holdings
Oppenheimer raised its price target on Toast to $38 and maintained an 'outperform' rating.
Importance 15.0 Sentiment 15.0
priv
D.A. Davidson & Co.
D.A. Davidson & Co. raised its price target on Toast to $30, though it maintained a 'neutral' rating.
Importance 15.0 Sentiment 10.0
priv
Evercore
Evercore reaffirmed an 'outperform' rating on Toast, supporting positive sentiment.
Importance 15.0 Sentiment 15.0
stock
Flushing Financial Corporation
Truist increased its price target on Toast to $33 and maintained a 'buy' rating.
Importance 15.0 Sentiment 15.0
cnt
United States
The United States is the primary market for Toast's operations, where the insider transactions and business activities occur.
Importance 10.0 Sentiment 0.0
stock
Alphabet Inc.
Alphabet Inc. is mentioned as a partner in Toast's AI initiatives, which could expand Toast's addressable market.
Importance 10.0 Sentiment 5.0
cnt
Republic of Ireland
Republic of Ireland is mentioned as a secondary market for Toast's operations, with minimal direct impact from this event.
Importance 5.0 Sentiment 0.0
Relationships
United States — United States Securities and Exchange Commission related ↔ Needham & Company
United States — United States Securities and Exchange Commission related ↔ Evercore
ERGEN INTELLIGENCE
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.