Kestra Private Wealth Services LLC Purchases New Position in Toast, Inc. (NYSE:TOST)

Kestra Private Wealth Services LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,304 shares of the company’s stock, valued at approximately $1,287,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Piscataqua Savings Bank bought a new stake in Toast in the 4th quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in shares of Toast during the third quarter worth about $28,000. Raleigh Capital Management Inc. boosted its position in Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Toast in the fourth quarter valued at $58,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on TOST shares. Wells Fargo & Company boosted their price target on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Robert W. Baird boosted their price objective on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Piper Sandler boosted their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.09.

Toast Stock Performance

TOST stock opened at $39.76 on Thursday. The company’s fifty day moving average price is $38.35 and its 200-day moving average price is $32.77. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12. The company has a market capitalization of $18.73 billion, a PE ratio of -305.85, a price-to-earnings-growth ratio of 2.25 and a beta of 1.98.

Insider Activity

In related news, CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the sale, the chief financial officer now owns 160,498 shares in the company, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the transaction, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. The trade was a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 362,449 shares of company stock worth $14,538,099 over the last 90 days. Corporate insiders own 13.32% of the company’s stock.

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.