Moody National Bank Trust Division Sells 44,500 Shares of Toast, Inc. (NYSE:TOST)

Moody National Bank Trust Division lowered its position in shares of Toast, Inc. (NYSE:TOST) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,949 shares of the company’s stock after selling 44,500 shares during the period. Moody National Bank Trust Division’s holdings in Toast were worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.

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

Toast Trading Down 2.1 %

Shares of TOST traded down $0.74 during mid-day trading on Monday, hitting $34.96. The company’s stock had a trading volume of 3,108,678 shares, compared to its average volume of 4,540,304. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of -268.92, a PEG ratio of 23.40 and a beta of 1.97. Toast, Inc. has a 52-week low of $16.13 and a 52-week high of $44.12. The company’s 50-day moving average is $38.53 and its 200-day moving average is $30.64.

Insider Activity at Toast

In other Toast news, 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 value of $1,174,929.36. Following the completion of the transaction, the president now owns 1,700,282 shares in the company, valued at approximately $49,376,189.28. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aman Narang sold 1,646 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the sale, the chief executive officer now owns 969,970 shares of the company’s stock, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,109,307 shares of company stock valued at $38,235,613 in the last three months. 13.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective on the stock. Stephens upped their target price on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. 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. Finally, BMO Capital Markets began coverage on shares of Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toast currently has an average rating of “Hold” and a consensus price target of $35.05.

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.