Friedenthal Financial Buys New Holdings in Toast, Inc. (NYSE:TOST)

Friedenthal Financial purchased a new position in Toast, Inc. (NYSE:TOST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,412 shares of the company's stock, valued at approximately $780,000.

Other large investors also recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company's stock valued at $626,000 after buying an additional 409 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company's stock valued at $927,000 after acquiring an additional 421 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company's stock valued at $797,000 after purchasing an additional 441 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company's stock worth $357,000 after purchasing an additional 448 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company's stock worth $58,000 after purchasing an additional 496 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Price Performance

NYSE:TOST traded down $0.59 during mid-day trading on Monday, reaching $35.11. The stock had a trading volume of 4,948,951 shares, compared to its average volume of 4,824,352. The stock has a market cap of $16.54 billion, a P/E ratio of -270.08, a PEG ratio of 23.40 and a beta of 1.97. The business's 50 day moving average is $38.53 and its 200 day moving average is $30.64. Toast, Inc. has a fifty-two week low of $16.13 and a fifty-two week high of $44.12.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TOST shares. Compass Point initiated coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price target on the stock. Stephens lifted their target price on Toast from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. BMO Capital Markets assumed coverage on Toast in a report on Monday, January 6th. They set an "outperform" rating and a $45.00 target price for the company. Royal Bank of Canada increased their price target on Toast from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Finally, Wedbush boosted their price objective on Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $35.05.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 40,459 shares of Toast stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $29.04, for a total value of $1,174,929.36. Following the transaction, the president now owns 1,700,282 shares of the company's stock, valued at $49,376,189.28. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 125,000 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $29.21, for a total transaction of $3,651,250.00. Following the sale, the director now directly owns 134,627 shares of the company's stock, valued at approximately $3,932,454.67. This represents a 48.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,307 shares of company stock worth $38,235,613 in the last 90 days. 13.32% of the stock is owned by insiders.

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.