21,412 Shares in Toast, Inc. (NYSE:TOST) Purchased by Friedenthal Financial

Friedenthal Financial acquired a new stake in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,412 shares of the company’s stock, valued at approximately $780,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trinity Financial Advisors LLC grew its position in Toast by 26.0% during the 4th quarter. Trinity Financial Advisors LLC now owns 12,590 shares of the company’s stock worth $458,000 after purchasing an additional 2,595 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Toast by 9.6% during the fourth quarter. Nordea Investment Management AB now owns 33,882 shares of the company’s stock valued at $1,238,000 after buying an additional 2,975 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Toast during the fourth quarter valued at $451,000. GAMMA Investing LLC lifted its stake in Toast by 106.8% in the 4th quarter. GAMMA Investing LLC now owns 2,784 shares of the company’s stock worth $101,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Synovus Financial Corp acquired a new stake in Toast during the 3rd quarter worth about $425,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Down 1.7 %

Toast stock traded down $0.59 during mid-day trading on Monday, reaching $35.11. The company had a trading volume of 4,947,112 shares, compared to its average volume of 4,663,732. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of -270.08, a PEG ratio of 23.40 and a beta of 1.97. The company has a 50 day moving average of $38.53 and a 200-day moving average of $30.64. Toast, Inc. has a 52 week low of $16.13 and a 52 week high of $44.12.

Insider Buying and Selling

In other news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Stephen Fredette sold 40,459 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $29.04, for a total transaction of $1,174,929.36. Following the completion of the sale, the president now directly owns 1,700,282 shares in the company, valued at approximately $49,376,189.28. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,307 shares of company stock valued at $38,235,613 over the last three months. 13.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TOST has been the topic of a number of research reports. Wedbush upped their target price on Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. BMO Capital Markets assumed coverage on shares of Toast in a report on Monday, January 6th. They set an “outperform” rating and a $45.00 price target on the stock. BNP Paribas lowered Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Wednesday, November 20th. Finally, Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.05.

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.