Barclays PLC Purchases 85,171 Shares of Toast, Inc. (NYSE:TOST)

Barclays PLC grew its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 38.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,426 shares of the company's stock after acquiring an additional 85,171 shares during the quarter. Barclays PLC owned 0.07% of Toast worth $8,758,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TOST. ValueAct Holdings L.P. bought a new position in Toast during the 3rd quarter worth about $438,301,000. FMR LLC boosted its position in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after buying an additional 8,205,053 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company's stock worth $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Marshall Wace LLP raised its position in Toast by 175.8% in the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company's stock valued at $64,871,000 after buying an additional 1,604,716 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in Toast by 1,475.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company's stock valued at $24,091,000 after acquiring an additional 796,936 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TOST has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Toast from $28.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Morgan Stanley upped their price objective on Toast from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. DA Davidson reissued a "neutral" rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Finally, Piper Sandler lifted their price objective on shares of Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $34.81.

Toast Stock Performance

Shares of Toast stock traded down $1.89 on Wednesday, reaching $36.29. 6,587,679 shares of the stock were exchanged, compared to its average volume of 7,390,073. The firm has a market cap of $17.09 billion, a PE ratio of -279.15, a P/E/G ratio of 23.40 and a beta of 1.93. The firm's 50 day moving average is $35.75 and its 200-day moving average is $28.91. Toast, Inc. has a one year low of $16.13 and a one year high of $44.12.

Insider Transactions at Toast

In other Toast news, Director David Yuan sold 189,785 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the transaction, the director now directly owns 198,829 shares in the company, valued at approximately $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Kent Bennett sold 22,885 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the transaction, the director now directly owns 395,706 shares of the company's stock, valued at $16,603,823.76. This represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,374,261 shares of company stock valued at $44,535,582. 13.32% of the stock is currently owned by insiders.

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.