Insider Selling: Toast, Inc. (NYSE:TOST) Major Shareholder Sells $10,104,515.00 in Stock

Toast, Inc. (NYSE:TOSTGet Rating) major shareholder Bessemer Venture Partners Ix L sold 546,190 shares of Toast stock in a transaction on Friday, November 18th. The stock was sold at an average price of $18.50, for a total transaction of $10,104,515.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Bessemer Venture Partners Ix L also recently made the following trade(s):

  • On Monday, November 21st, Bessemer Venture Partners Ix L sold 416,931 shares of Toast stock. The stock was sold at an average price of $18.16, for a total transaction of $7,571,466.96.

Toast Trading Up 2.3 %

Toast stock opened at $18.63 on Friday. The firm’s 50 day simple moving average is $18.98 and its 200 day simple moving average is $17.11. The firm has a market capitalization of $9.54 billion, a PE ratio of -25.52 and a beta of 1.96. Toast, Inc. has a 1-year low of $11.91 and a 1-year high of $44.34.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently made changes to their positions in TOST. Commonwealth Equity Services LLC increased its holdings in shares of Toast by 37.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 13,013 shares of the company’s stock worth $282,000 after buying an additional 3,543 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Toast by 818.8% in the 1st quarter. Clearstead Advisors LLC now owns 55,153 shares of the company’s stock worth $1,198,000 after buying an additional 49,150 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Toast by 5,063.8% in the 1st quarter. Stephens Inc. AR now owns 10,276 shares of the company’s stock worth $223,000 after buying an additional 10,077 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Toast by 63.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 960,514 shares of the company’s stock worth $20,872,000 after buying an additional 371,923 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its holdings in shares of Toast by 6.8% in the 1st quarter. Bridgewater Advisors Inc. now owns 16,660 shares of the company’s stock worth $362,000 after buying an additional 1,060 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Toast from $25.00 to $26.00 in a research report on Friday, November 11th. KeyCorp boosted their price target on shares of Toast from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. UBS Group initiated coverage on shares of Toast in a research report on Wednesday, September 14th. They issued a “neutral” rating and a $22.00 price target on the stock. Mizuho raised shares of Toast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $24.00 in a research report on Monday, October 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Toast to $23.00 in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.61.

Toast Company Profile

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

See Also

Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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