Natixis Advisors LLC Has $2.33 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Natixis Advisors LLC lifted its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 43.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,259 shares of the company's stock after purchasing an additional 25,113 shares during the quarter. Natixis Advisors LLC's holdings in Toast were worth $2,329,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. West Branch Capital LLC bought a new position in Toast in the 2nd quarter valued at about $26,000. LRI Investments LLC bought a new position in shares of Toast in the first quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in shares of Toast during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast during the second quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Toast in the second quarter worth approximately $34,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

TOST has been the topic of several research analyst reports. Piper Sandler lifted their price target on Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. DA Davidson boosted their price target on shares of Toast from $35.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Wedbush raised their price objective on shares of Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price 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. Finally, Compass Point began coverage on shares of Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.86.

Insider Transactions at Toast

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction on Friday, October 18th. The shares were sold at an average price of $30.39, for a total value of $9,117,000.00. Following the completion of the sale, the general counsel now owns 177,836 shares of the company's stock, valued at approximately $5,404,436.04. The trade was a 62.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Kent Bennett sold 22,885 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total transaction of $960,254.60. Following the transaction, the director now directly owns 395,706 shares in the company, valued at $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,498,536 shares of company stock valued at $43,997,467. 13.32% of the stock is owned by insiders.

Toast Trading Up 0.6 %

TOST stock traded up $0.26 during midday trading on Monday, reaching $43.00. The company had a trading volume of 12,078,714 shares, compared to its average volume of 7,426,269. The company has a 50 day moving average of $31.45 and a two-hundred day moving average of $27.21. The company has a market capitalization of $20.25 billion, a P/E ratio of -332.38, a PEG ratio of 54.47 and a beta of 1.74. Toast, Inc. has a 1 year low of $14.00 and a 1 year high of $43.62.

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.