Gulf International Bank UK Ltd Sells 3,937 Shares of Toast, Inc. (NYSE:TOST)

Gulf International Bank UK Ltd lowered its stake in shares of Toast, Inc. (NYSE:TOST) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,549 shares of the company’s stock after selling 3,937 shares during the period. Gulf International Bank UK Ltd’s holdings in Toast were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Toast in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the fourth quarter valued at $34,000. Wingate Wealth Advisors Inc. purchased a new stake in Toast in the fourth quarter worth $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Toast during the 4th quarter valued at $42,000. Institutional investors own 82.91% of the company’s stock.

Insider Activity

In other news, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares of the company’s stock, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now owns 48,488 shares of the company’s stock, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,779 shares of company stock valued at $5,415,192. Insiders own 13.32% of the company’s stock.

Toast Price Performance

Shares of NYSE TOST opened at $38.65 on Monday. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The stock has a market capitalization of $19.09 billion, a P/E ratio of -3,860.74, a PEG ratio of 2.16 and a beta of 1.98. The firm’s 50 day simple moving average is $38.61 and its two-hundred day simple moving average is $33.99.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 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 during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TOST has been the topic of several recent research reports. Piper Sandler upped their price objective on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on shares of Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Robert W. Baird lifted their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Toast in a research report on Thursday, February 20th. Finally, BNP Paribas set a $37.00 price target on Toast and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.09.

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.