UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Toast, Inc. (NYSE:TOST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Toast, Inc. (NYSE:TOST - Free Report) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504,641 shares of the company's stock after buying an additional 218,313 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Toast worth $42,596,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock worth $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Toast by 2,889.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company's stock worth $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Marshall Wace LLP grew its stake in Toast by 175.8% during the second quarter. Marshall Wace LLP now owns 2,517,288 shares of the company's stock worth $64,871,000 after buying an additional 1,604,716 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new position in shares of Toast in the 2nd quarter valued at approximately $19,517,000. Finally, Bridgewater Associates LP lifted its holdings in shares of Toast by 1,027.5% during the 3rd quarter. Bridgewater Associates LP now owns 560,729 shares of the company's stock worth $15,874,000 after acquiring an additional 510,998 shares during the period. Institutional investors own 82.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Morgan Stanley boosted their price target on Toast from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Bank of America boosted their target price on Toast from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada raised their price target on shares of Toast from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.43.

Insider Buying and Selling

In other Toast news, CFO Elena Gomez sold 12,500 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $28.41, for a total value of $355,125.00. Following the transaction, the chief financial officer now directly owns 207,518 shares in the company, valued at $5,895,586.38. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the sale, the president now directly owns 2,638,023 shares of the company's stock, valued at approximately $62,178,202.11. This trade represents a 7.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,688,321 shares of company stock valued at $52,160,120 over the last ninety days. 13.32% of the stock is owned by corporate insiders.

Toast Trading Down 10.0 %

TOST stock traded down $4.23 during trading on Wednesday, hitting $38.19. The company had a trading volume of 16,826,020 shares, compared to its average volume of 7,421,606. Toast, Inc. has a one year low of $14.45 and a one year high of $44.12. The business has a 50-day moving average of $33.67 and a 200-day moving average of $27.99. The stock has a market cap of $17.99 billion, a PE ratio of -300.46, a PEG ratio of 53.99 and a beta of 1.93.

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.