Toast, Inc. (NYSE:TOST) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,270 shares of the company's stock after selling 74,840 shares during the period. Harbor Capital Advisors Inc.'s holdings in Toast were worth $1,030,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Toth Financial Advisory Corp acquired a new position in Toast in the 3rd quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its holdings in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 720 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company's stock valued at $58,000 after purchasing an additional 496 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Toast in the 3rd quarter valued at about $59,000. Finally, Truvestments Capital LLC acquired a new position in Toast in the 3rd quarter valued at about $65,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TOST. BNP Paribas lowered shares of Toast from an "outperform" rating to a "neutral" rating and set a $37.00 target price on the stock. in a report on Wednesday, November 20th. Piper Sandler upped their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Royal Bank of Canada upped their price objective on shares of Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. The Goldman Sachs Group decreased their price objective on shares of Toast from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Compass Point began coverage on shares of Toast in a report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $35.05.

Toast Stock Performance

Shares of NYSE:TOST traded up $1.07 during trading hours on Tuesday, reaching $36.18. The stock had a trading volume of 4,804,817 shares, compared to its average volume of 4,822,464. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12. The firm's 50 day moving average is $38.73 and its 200-day moving average is $30.78. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of -278.31, a P/E/G ratio of 23.40 and a beta of 1.97.

Insider Buying and Selling at Toast

In related news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the transaction, the director now directly owns 182,451 shares of the company's stock, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jonathan Vassil sold 1,367 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the transaction, the executive now directly owns 39,834 shares in the company, valued at $1,238,040.72. This trade represents a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,109,307 shares of company stock valued at $38,235,613. Insiders own 13.32% of the company's stock.

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.