Stonekeep Investments LLC Invests $273,000 in Toast, Inc. (NYSE:TOST)

Stonekeep Investments LLC bought a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,494 shares of the company's stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOST. Toth Financial Advisory Corp bought a new stake in shares of Toast during the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. increased its position in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company's stock valued at $42,000 after acquiring an additional 720 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 496 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Toast in the third quarter valued at approximately $59,000. Finally, Truvestments Capital LLC bought a new stake in Toast in the third quarter worth approximately $65,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Stock Up 2.4 %

NYSE TOST traded up $0.87 on Friday, reaching $37.76. The stock had a trading volume of 4,470,806 shares, compared to its average volume of 4,041,725. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of -290.46, a P/E/G ratio of 1.83 and a beta of 1.97. The stock has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $30.98. Toast, Inc. has a 12-month low of $16.13 and a 12-month high of $44.12.

Insider Activity at Toast

In other Toast news, Director Richard Kent Bennett sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.67, for a total value of $3,667,000.00. Following the completion of the transaction, the director now directly owns 418,591 shares of the company's stock, valued at approximately $15,349,731.97. This trade represents a 19.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aman Narang sold 1,646 shares of the business's stock in a transaction on Monday, November 4th. The stock was 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 in the company, valued at approximately $30,146,667.60. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock valued at $21,823,932 over the last ninety days. Insiders own 13.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TOST. 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 note on Monday, November 4th. Wells Fargo & Company raised their target price on Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Toast from $29.00 to $40.00 and gave the stock a "market perform" rating in a report on Monday, December 9th. 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 report on Friday, October 18th. Finally, DA Davidson restated a "neutral" rating and set a $38.00 price target (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Toast currently has an average rating of "Hold" and an average target price of $35.27.

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.