Allspring Global Investments Holdings LLC Has $75.47 Million Stake in Toast, Inc. (NYSE:TOST)

Allspring Global Investments Holdings LLC increased its stake in Toast, Inc. (NYSE:TOST) by 129,058.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,074,286 shares of the company’s stock after acquiring an additional 2,072,680 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.44% of Toast worth $75,466,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. True Vision MN LLC bought a new stake in Toast in the fourth quarter valued at $279,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast in the 4th quarter valued at about $34,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Toast in the 4th quarter valued at about $40,000. Newbridge Financial Services Group Inc. bought a new stake in Toast in the 4th quarter valued at about $42,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Toast during the 4th quarter worth approximately $1,287,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now owns 182,451 shares of the company’s stock, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 362,449 shares of company stock valued at $14,538,099. Company insiders own 13.32% of the company’s stock.

Toast Trading Down 0.8 %

NYSE TOST opened at $39.76 on Thursday. The business’s fifty day moving average is $38.35 and its 200-day moving average is $32.77. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of research reports. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Wednesday, November 20th. Robert W. Baird lifted their price target on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Toast has a consensus rating of “Hold” and an average target price of $36.09.

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.