Jump Financial LLC Sells 357,423 Shares of Toast, Inc. (NYSE:TOST)

Jump Financial LLC lessened its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,056 shares of the company's stock after selling 357,423 shares during the period. Jump Financial LLC owned 0.07% of Toast worth $12,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in Toast during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in shares of Toast in the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast during the fourth quarter valued at approximately $40,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company's stock, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed 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 value of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,770 shares of company stock valued at $11,803,911 in the last quarter. Company insiders own 13.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday. Royal Bank of Canada raised their target price on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Canaccord Genuity Group lifted their target price on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. UBS Group upped their price target on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company raised shares of Toast from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from $30.00 to $39.00 in a research note on Thursday, April 10th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Toast currently has an average rating of "Hold" and an average price target of $40.09.

Toast Trading Up 0.0 %

NYSE TOST traded up $0.01 during trading on Friday, reaching $34.30. 4,887,706 shares of the company's stock were exchanged, compared to its average volume of 6,819,214. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The company's fifty day simple moving average is $35.55 and its 200-day simple moving average is $36.04. The firm has a market capitalization of $16.95 billion, a PE ratio of -3,426.97, a P/E/G ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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%. Equities analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

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.