Toast, Inc. (NYSE:TOST) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its position in shares of Toast, Inc. (NYSE:TOST) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,951 shares of the company’s stock after selling 16,098 shares during the quarter. Toast makes up 0.9% of Motley Fool Wealth Management LLC’s holdings, making the stock its 29th biggest position. Motley Fool Wealth Management LLC’s holdings in Toast were worth $17,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. acquired a new stake in Toast in the third quarter valued at approximately $438,301,000. FMR LLC raised its stake in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares during the period. Vanguard Group Inc. lifted its position in shares of Toast by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company’s stock valued at $1,548,186,000 after buying an additional 4,147,430 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Toast by 129,058.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after acquiring an additional 2,072,680 shares during the period. Finally, Perpetual Ltd purchased a new stake in Toast in the 4th quarter worth $60,878,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TOST shares. Canaccord Genuity Group lifted their target price on shares of Toast from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their target price on Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, UBS Group increased their price objective on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.48.

Insider Activity

In other Toast news, CRO Jonathan Vassil sold 1,006 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now directly owns 48,488 shares in the company, valued at $1,921,579.44. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Fredette sold 1,068 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,770 shares of company stock valued at $9,409,211. Company insiders own 13.32% of the company’s stock.

Toast Stock Performance

Shares of Toast stock opened at $36.38 on Wednesday. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of -3,634.37, a PEG ratio of 2.16 and a beta of 1.99. The stock has a 50 day moving average of $37.84 and a 200 day moving average of $35.23.

Toast (NYSE:TOST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

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.