Toast, Inc. (NYSE:TOST) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its stake in Toast, Inc. (NYSE:TOST - Free Report) by 89.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,606 shares of the company's stock after selling 673,394 shares during the quarter. Aquatic Capital Management LLC's holdings in Toast were worth $3,047,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TOST. Blue Trust Inc. raised its stake in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in shares of Toast in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Toast during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new position in Toast during the fourth quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast in the fourth quarter worth $40,000. Institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 1,006 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the transaction, the executive now directly owns 48,488 shares of the company's stock, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Fredette sold 1,068 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the sale, the president now owns 1,644,656 shares of the company's stock, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,770 shares of company stock valued at $11,803,911 over the last three months. 13.32% of the stock is owned by corporate insiders.

Toast Stock Performance

Shares of NYSE:TOST opened at $36.12 on Monday. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12. The company has a market cap of $17.84 billion, a PE ratio of -3,608.39, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. The firm has a 50 day simple moving average of $34.85 and a 200 day simple moving average of $36.41.

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 the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, equities analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Evercore ISI began coverage on Toast in a research report on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price target for the company. JPMorgan Chase & Co. raised their price target on Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. BNP Paribas set a $37.00 price objective on shares of Toast and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, UBS Group increased their target price on shares of Toast from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.26.

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.

Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. (NYSE:TOST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.