Edmond DE Rothschild Holding S.A. Has $25.65 Million Stock Position in Toast, Inc. (NYSE:TOST)

Edmond DE Rothschild Holding S.A. lessened its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 703,597 shares of the company's stock after selling 624,612 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.15% of Toast worth $25,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC raised its position in Toast by 50.4% in the third quarter. Cerity Partners LLC now owns 71,526 shares of the company's stock worth $2,025,000 after purchasing an additional 23,955 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Toast by 26.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 14,468 shares of the company's stock worth $410,000 after buying an additional 3,022 shares during the period. Bank of Montreal Can grew its position in Toast by 6.5% in the third quarter. Bank of Montreal Can now owns 65,607 shares of the company's stock valued at $1,837,000 after acquiring an additional 3,996 shares during the period. D.A. Davidson & CO. raised its stake in Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company's stock worth $626,000 after acquiring an additional 409 shares in the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of Toast by 13.5% during the third quarter. Townsquare Capital LLC now owns 9,217 shares of the company's stock valued at $261,000 after acquiring an additional 1,095 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

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Toast Stock Performance

NYSE TOST traded down $2.21 during trading hours on Friday, reaching $30.45. 5,097,548 shares of the company's stock were exchanged, compared to its average volume of 6,744,555. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of -3,060.44, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The company's 50-day moving average is $37.33 and its two-hundred day moving average is $35.64. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, CFO Elena Gomez sold 2,052 shares of Toast stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the completion of the transaction, the chief financial officer now directly owns 160,498 shares of the company's stock, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,770 shares of company stock worth $9,409,211 over the last quarter. 13.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their target price on Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group raised their price objective on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Toast has a consensus rating of "Hold" and an average target price of $40.38.

About Toast

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.