Toast, Inc. (NYSE:TOST) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,800 shares of the company's stock after purchasing an additional 15,000 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Toast were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOST. Makena Capital Management LLC increased its holdings in shares of Toast by 7.6% in the third quarter. Makena Capital Management LLC now owns 274,392 shares of the company's stock worth $7,768,000 after purchasing an additional 19,371 shares during the last quarter. KBC Group NV grew its holdings in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company's stock valued at $1,213,000 after buying an additional 17,106 shares in the last quarter. Qsemble Capital Management LP grew its holdings in Toast by 52.1% during the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company's stock valued at $1,919,000 after buying an additional 23,231 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Toast by 13.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company's stock worth $53,358,000 after acquiring an additional 218,959 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after acquiring an additional 8,205,053 shares in the last quarter. Institutional investors own 82.91% of the company's stock.

Insider Buying and Selling at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $28.41, for a total transaction of $355,125.00. Following the transaction, the chief financial officer now owns 207,518 shares in the company, valued at approximately $5,895,586.38. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 8,057 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $28.02, for a total transaction of $225,757.14. Following the completion of the sale, the president now directly owns 2,152,442 shares of the company's stock, valued at approximately $60,311,424.84. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,375,061 shares of company stock valued at $44,557,182. 13.32% of the stock is currently owned by insiders.

Toast Trading Down 3.7 %

Shares of TOST traded down $1.48 during trading hours on Friday, hitting $38.13. The company had a trading volume of 6,649,984 shares, compared to its average volume of 8,272,808. The company has a market capitalization of $17.96 billion, a PE ratio of -293.31, a price-to-earnings-growth ratio of 23.40 and a beta of 1.93. Toast, Inc. has a one year low of $16.13 and a one year high of $44.12. The company's fifty day moving average price is $35.36 and its two-hundred day moving average price is $28.70.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Toast from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on Toast from $28.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on Toast from $27.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Finally, Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Toast presently has an average rating of "Hold" and a consensus target price of $34.81.

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.