Qsemble Capital Management LP Raises Stock Holdings in Toast, Inc. (NYSE:TOST)

Qsemble Capital Management LP lifted its position in Toast, Inc. (NYSE:TOST - Free Report) by 52.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,796 shares of the company's stock after purchasing an additional 23,231 shares during the quarter. Qsemble Capital Management LP's holdings in Toast were worth $1,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TOST. UniSuper Management Pty Ltd increased its stake in Toast by 188.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company's stock worth $122,000 after acquiring an additional 3,200 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Toast by 38.2% in the first quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company's stock worth $102,000 after purchasing an additional 1,130 shares during the last quarter. LRI Investments LLC purchased a new stake in Toast in the first quarter valued at approximately $27,000. Silvercrest Asset Management Group LLC lifted its position in Toast by 40.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 38,500 shares of the company's stock valued at $959,000 after purchasing an additional 11,061 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Toast in the 1st quarter worth approximately $244,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TOST shares. Morgan Stanley raised their price objective on shares of Toast from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. DA Davidson lifted their price target on Toast from $35.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Piper Sandler increased their price objective on Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Toast from $28.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their target price on Toast from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.86.

Insider Activity

In other news, CRO Jonathan Vassil sold 1,367 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares of the company's stock, valued at $1,238,040.72. This represents a 3.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Fredette sold 101,574 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the completion of the transaction, the president now directly owns 2,395,685 shares in the company, valued at approximately $61,640,975.05. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,498,536 shares of company stock valued at $43,997,467 over the last three months. Insiders own 13.32% of the company's stock.

Toast Trading Up 0.5 %

NYSE:TOST traded up $0.22 during mid-day trading on Tuesday, reaching $43.22. The company's stock had a trading volume of 7,431,859 shares, compared to its average volume of 7,426,293. The firm's fifty day moving average price is $31.78 and its two-hundred day moving average price is $27.32. The stock has a market cap of $20.36 billion, a P/E ratio of -330.77, a PEG ratio of 54.47 and a beta of 1.74. Toast, Inc. has a 12-month low of $14.00 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.