SeaCrest Wealth Management LLC Purchases Shares of 7,364 Toast, Inc. (NYSE:TOST)

SeaCrest Wealth Management LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,364 shares of the company's stock, valued at approximately $268,000.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in Toast by 3.4% in the second quarter. Victory Capital Management Inc. now owns 49,002 shares of the company's stock valued at $1,263,000 after acquiring an additional 1,611 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Toast in the 2nd quarter valued at approximately $364,000. American Century Companies Inc. grew its stake in shares of Toast by 25.5% in the 2nd quarter. American Century Companies Inc. now owns 27,844 shares of the company's stock valued at $718,000 after purchasing an additional 5,651 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Toast by 36.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 49,871 shares of the company's stock worth $1,267,000 after buying an additional 13,388 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Toast by 46.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 333,013 shares of the company's stock worth $8,582,000 after buying an additional 105,739 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on TOST. Piper Sandler increased their price objective on Toast from $25.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Toast from $24.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Compass Point began coverage on shares of Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 price objective for the company. Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price target on Toast from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Toast currently has a consensus rating of "Hold" and a consensus price target of $35.27.

Toast Price Performance

TOST traded up $0.87 during trading on Friday, reaching $37.76. The company had a trading volume of 4,470,806 shares, compared to its average volume of 4,041,725. The business's fifty day moving average price is $38.91 and its 200 day moving average price is $30.94. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12. The company has a market cap of $17.78 billion, a P/E ratio of -290.46, a PEG ratio of 1.83 and a beta of 1.97.

Insider Activity at Toast

In other news, CEO Aman Narang sold 1,646 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 969,970 shares of the company's stock, valued at $30,146,667.60. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Yuan sold 189,785 shares of the firm's stock in a transaction on Monday, November 25th. The shares were 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 directly owns 198,829 shares of the company's stock, valued at approximately $8,551,635.29. This trade represents a 48.84 % 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. 13.32% of the stock is owned by corporate insiders.

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.