Toast, Inc. (NYSE:TOST) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,865,934 shares of the company's stock after acquiring an additional 155,212 shares during the period. Geode Capital Management LLC owned 1.46% of Toast worth $193,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank boosted its stake in Toast by 10.9% during the first quarter. Comerica Bank now owns 6,167 shares of the company's stock worth $154,000 after buying an additional 607 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Toast by 46.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,393 shares of the company's stock worth $474,000 after acquiring an additional 5,793 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Toast during the 2nd quarter valued at $3,301,000. Raymond James & Associates increased its stake in Toast by 6.0% in the second quarter. Raymond James & Associates now owns 407,773 shares of the company's stock worth $10,508,000 after purchasing an additional 22,936 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Toast during the second quarter valued at $34,000. 82.91% of the stock is currently owned by institutional investors.

Toast Stock Up 1.3 %

TOST traded up $0.49 on Monday, reaching $38.62. The company had a trading volume of 6,128,449 shares, compared to its average volume of 7,406,913. The stock has a 50-day moving average price of $35.36 and a 200-day moving average price of $28.70. The stock has a market capitalization of $18.19 billion, a PE ratio of -293.31, a P/E/G ratio of 23.40 and a beta of 1.93. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TOST. Stephens lifted their price objective on Toast from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Toast from $29.00 to $40.00 and gave the company a "market perform" rating in a report on Monday, December 9th. Royal Bank of Canada upped their target price on Toast from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. BNP Paribas downgraded Toast from an "outperform" rating to a "neutral" rating and set a $37.00 price target on the stock. in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their target price on Toast from $28.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $34.81.

Insider Buying and Selling at Toast

In other news, President Stephen Fredette sold 8,057 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $28.02, for a total value of $225,757.14. Following the completion of the sale, the president now directly owns 2,152,442 shares of the company's stock, valued at $60,311,424.84. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 1,367 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 transaction of $42,486.36. Following the sale, the executive now owns 39,834 shares in the company, valued at $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,375,061 shares of company stock worth $44,557,182. 13.32% of the stock is owned by insiders.

About Toast

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.