GSA Capital Partners LLP Purchases 34,090 Shares of Toast, Inc. (NYSE:TOST)

GSA Capital Partners LLP grew its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 179.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,064 shares of the company's stock after buying an additional 34,090 shares during the period. GSA Capital Partners LLP's holdings in Toast were worth $1,502,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in shares of Toast during the first quarter worth about $27,000. West Branch Capital LLC bought a new stake in Toast during the 2nd quarter valued at $26,000. Toth Financial Advisory Corp acquired a new position in Toast during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast in the second quarter worth $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Toast during the second quarter valued at $34,000. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now owns 2,638,023 shares of the company's stock, valued at approximately $62,178,202.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Toast news, President Stephen Fredette sold 211,686 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the transaction, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kent Bennett sold 100,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the sale, the director now owns 418,591 shares of the company's stock, valued at approximately $15,349,731.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,575,651 shares of company stock worth $45,472,212. Insiders own 13.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Toast from $28.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Wells Fargo & Company upped their price target on shares of Toast from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Piper Sandler raised their price objective on shares of Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday. Robert W. Baird upped their target price on Toast from $30.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Toast from $24.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $32.75.

Toast Trading Up 0.8 %

TOST stock traded up $0.32 during mid-day trading on Thursday, hitting $40.24. The stock had a trading volume of 2,668,934 shares, compared to its average volume of 7,285,942. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of -307.08 and a beta of 1.74. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $40.65. The company has a fifty day moving average of $29.08 and a 200 day moving average of $26.32.

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.