Toast, Inc. (NYSE:TOST) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,936 shares of the company's stock after selling 17,038 shares during the period. Rockefeller Capital Management L.P.'s holdings in Toast were worth $3,533,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast during the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Toast in the 4th quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Toast Price Performance

Shares of NYSE:TOST traded up $0.81 on Thursday, hitting $35.70. 2,159,101 shares of the company's stock were exchanged, compared to its average volume of 6,794,105. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of -3,564.94, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12. The business's 50 day simple moving average is $35.06 and its two-hundred day simple moving average is $36.21.

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

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. Oppenheimer began coverage on shares of Toast in a report on Friday, January 24th. They set an "outperform" rating and a $46.00 price target on the stock. Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their price objective on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, BNP Paribas set a $37.00 price target on Toast and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $40.26.

Insiders Place Their Bets

In other Toast news, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the sale, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,770 shares of company stock worth $11,803,911 in the last three months. Corporate insiders own 13.32% of the company's stock.

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.