192,600 Shares in Toast, Inc. (NYSE:TOST) Bought by Atika Capital Management LLC

Atika Capital Management LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 192,600 shares of the company's stock, valued at approximately $7,020,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Toast by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 42,474,232 shares of the company's stock valued at $1,548,186,000 after buying an additional 4,147,430 shares in the last quarter. ValueAct Holdings L.P. acquired a new position in shares of Toast during the 3rd quarter worth $438,301,000. State Street Corp lifted its stake in shares of Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company's stock valued at $235,689,000 after purchasing an additional 206,789 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Toast in the fourth quarter worth $282,010,000. Finally, Geode Capital Management LLC raised its holdings in Toast by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,061,739 shares of the company's stock valued at $256,970,000 after buying an additional 195,805 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now owns 164,796 shares in the company, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares in the company, valued at approximately $8,290,833.78. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is owned by insiders.

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Toast Trading Up 0.6 %

Toast stock traded up $0.20 during mid-day trading on Friday, hitting $33.56. The stock had a trading volume of 1,595,147 shares, compared to its average volume of 6,806,779. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The stock has a market capitalization of $16.58 billion, a PE ratio of -3,349.55, a P/E/G ratio of 2.16 and a beta of 2.00. The stock has a 50-day simple moving average of $36.21 and a two-hundred day simple moving average of $35.87.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly 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). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Sell-side analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI assumed coverage on Toast in a report on Wednesday. They issued an "in-line" rating and a $29.00 target price for the company. Oppenheimer started coverage on shares of Toast in a report on Friday, January 24th. They set an "outperform" rating and a $46.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Toast in a report on Thursday, February 20th. BMO Capital Markets upped their price target on shares of Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Toast presently has an average rating of "Hold" and an average price target of $40.27.

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.