True Vision MN LLC Invests $279,000 in Toast, Inc. (NYSE:TOST)

True Vision MN LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,656 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Toast in the fourth quarter valued at about $34,000. Wingate Wealth Advisors Inc. purchased a new stake in Toast in the 4th quarter valued at about $40,000. Newbridge Financial Services Group Inc. bought a new position in shares of Toast during the 4th quarter worth approximately $42,000. Kestra Private Wealth Services LLC purchased a new position in shares of Toast in the 4th quarter worth approximately $1,287,000. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Toast by 6.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 2,013,318 shares of the company’s stock worth $73,385,000 after buying an additional 128,547 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Toast news, Director David Yuan sold 189,785 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the 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 completion of the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 362,449 shares of company stock valued at $14,538,099. Company insiders own 13.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Royal Bank of Canada upped their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price objective on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Finally, DA Davidson restated a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. One investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.09.

Toast Stock Up 0.8 %

Shares of NYSE:TOST opened at $41.44 on Tuesday. The company has a 50-day moving average price of $38.37 and a 200-day moving average price of $32.62. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12.

Toast 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.