KLP Kapitalforvaltning AS Makes New $4.93 Million Investment in Toast, Inc. (NYSE:TOST)

KLP Kapitalforvaltning AS acquired a new position in Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 135,200 shares of the company's stock, valued at approximately $4,928,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. increased its position in Toast by 120.4% during 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 in the last quarter. Piscataqua Savings Bank purchased a new stake in shares of Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Toast during the fourth quarter valued at $34,000. SBI Securities Co. Ltd. bought a new position in Toast in the 4th quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast in the 4th quarter worth about $40,000. Institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction that occurred on 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 transaction, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $35.71, for a total value of $2,499,700.00. Following the sale, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. This trade represents a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,770 shares of company stock valued at $9,409,211. Corporate insiders own 13.32% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on TOST. Robert W. Baird lifted their target price on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Oppenheimer assumed coverage on Toast in a research report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price objective on the stock. BNP Paribas set a $37.00 target price on Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods boosted their price target on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group set a $40.00 price objective on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.48.

Toast Trading Down 5.2 %

NYSE TOST traded down $1.84 on Friday, reaching $33.53. 6,439,302 shares of the stock were exchanged, compared to its average volume of 6,740,943. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The firm has a market capitalization of $16.56 billion, a PE ratio of -3,349.25, a PEG ratio of 2.16 and a beta of 1.99. The company's 50-day simple moving average is $37.72 and its two-hundred day simple moving average is $35.48.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. Sell-side analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Toast 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.