Toast, Inc. (NYSE:TOST) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 179.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,064 shares of the company’s stock after acquiring an additional 34,090 shares during the quarter. GSA Capital Partners LLP’s holdings in Toast were worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after purchasing an additional 421 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Toast by 1.6% in the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock valued at $797,000 after buying an additional 441 shares during the period. Farther Finance Advisors LLC boosted its stake in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Toast by 8.4% during the second quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after acquiring an additional 520 shares during the period. Finally, Comerica Bank grew its holdings in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company’s stock worth $154,000 after acquiring an additional 607 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

Toast stock opened at $39.92 on Thursday. The firm’s 50 day moving average price is $29.08 and its two-hundred day moving average price is $26.32. The firm has a market cap of $18.80 billion, a PE ratio of -307.08 and a beta of 1.74. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $40.53.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a report on Wednesday, August 7th. Wedbush lifted their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Toast has a consensus rating of “Hold” and an average target price of $32.75.

Insider Transactions at Toast

In related news, Director Richard Kent Bennett sold 100,000 shares of Toast stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total transaction of $3,667,000.00. Following the completion of the sale, the director now owns 418,591 shares of the company’s stock, valued at approximately $15,349,731.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the transaction, the director now owns 418,591 shares in the company, valued at approximately $15,349,731.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the completion of the sale, the general counsel now owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,575,651 shares of company stock valued at $45,472,212. 13.32% of the stock is owned by insiders.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.