Park Avenue Securities LLC Sells 15,787 Shares of Toast, Inc. (NYSE:TOST)

Park Avenue Securities LLC lessened its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 31.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,754 shares of the company's stock after selling 15,787 shares during the quarter. Park Avenue Securities LLC's holdings in Toast were worth $1,267,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new stake in Toast in the third quarter worth approximately $28,000. Raleigh Capital Management Inc. lifted its holdings in shares of Toast by 93.4% in the third 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. Farther Finance Advisors LLC grew its holdings in Toast by 32.3% during the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company's stock worth $58,000 after acquiring an additional 496 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Toast in the third quarter worth about $59,000. Finally, Truvestments Capital LLC acquired a new stake in Toast in the 3rd quarter valued at about $65,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on TOST shares. Wedbush upped their price target on Toast from $35.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. The Goldman Sachs Group dropped their price target on Toast from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company boosted their price objective on Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday. Finally, DA Davidson reissued a "neutral" rating and issued a $38.00 target price (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $35.27.

Insider Activity at Toast

In related news, Director David Yuan sold 189,785 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 198,829 shares of the company's stock, valued at approximately $8,551,635.29. The trade was a 48.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aman Narang sold 1,646 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $51,157.68. Following the completion of the sale, the chief executive officer now directly owns 969,970 shares in the company, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,600 shares of company stock valued at $21,823,932. Corporate insiders own 13.32% of the company's stock.

Toast Trading Up 2.4 %

NYSE TOST traded up $0.87 during trading on Monday, hitting $37.76. 4,470,806 shares of the company traded hands, compared to its average volume of 4,041,725. The company has a market capitalization of $17.78 billion, a P/E ratio of -290.46, a PEG ratio of 1.83 and a beta of 1.97. The business has a fifty day simple moving average of $38.91 and a 200 day simple moving average of $31.02. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12.

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.