Kestra Private Wealth Services LLC Makes New $1.29 Million Investment in Toast, Inc. (NYSE:TOST)

Kestra Private Wealth Services LLC purchased a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,304 shares of the company's stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of Toast in the 4th quarter valued at approximately $26,000. Toth Financial Advisory Corp purchased a new stake in shares of Toast in the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew its stake in shares of 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 buying an additional 720 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of 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 buying an additional 496 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the sale, the director now owns 198,829 shares in the company, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 362,449 shares of company stock worth $14,538,099. 13.32% of the stock is currently owned by corporate insiders.

Toast Price Performance

Shares of TOST traded up $0.37 during midday trading on Friday, reaching $40.57. The stock had a trading volume of 8,107,949 shares, compared to its average volume of 4,935,838. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12. The company's fifty day simple moving average is $38.43 and its two-hundred day simple moving average is $33.02. The company has a market cap of $19.11 billion, a price-to-earnings ratio of -312.11, a PEG ratio of 2.25 and a beta of 1.98.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective on shares of Toast from $29.00 to $40.00 and gave the stock a "market perform" rating in a research report on Monday, December 9th. Morgan Stanley increased their price objective on shares of Toast from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Piper Sandler increased their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Finally, Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They set a "buy" rating and a $49.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Toast has an average rating of "Hold" and a consensus price target of $36.09.

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.