Centaurus Financial Inc. Sells 3,300 Shares of Toast, Inc. (NYSE:TOST)

Centaurus Financial Inc. reduced its stake in shares of Toast, Inc. (NYSE:TOST) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,900 shares of the company’s stock after selling 3,300 shares during the quarter. Centaurus Financial Inc.’s holdings in Toast were worth $677,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TOST. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Toast by 1.2% in 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 during the period. Private Advisor Group LLC lifted its position in Toast by 1.6% during 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. CIBC Asset Management Inc boosted its holdings in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after buying an additional 448 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after buying an additional 496 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Toast by 8.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock worth $174,000 after acquiring an additional 520 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Toast Price Performance

Shares of TOST opened at $43.00 on Tuesday. The firm has a market capitalization of $20.25 billion, a P/E ratio of -330.77, a PEG ratio of 54.47 and a beta of 1.74. Toast, Inc. has a one year low of $14.00 and a one year high of $43.62. The business has a fifty day moving average of $31.45 and a 200 day moving average of $27.21.

Insiders Place Their Bets

In other news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the transaction, the president now owns 2,638,023 shares in the company, valued at $62,178,202.11. This trade represents a 7.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.41, for a total transaction of $355,125.00. Following the sale, the chief financial officer now directly owns 207,518 shares of the company’s stock, valued at approximately $5,895,586.38. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,498,536 shares of company stock valued at $43,997,467. Insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Wednesday, November 20th. Wedbush upped their price target on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Piper Sandler increased their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price target on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Toast has a consensus rating of “Hold” and an average price target of $33.86.

About Toast

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.