True Vision MN LLC Acquires Shares of 7,656 Toast, Inc. (NYSE:TOST)

True Vision MN LLC purchased a new stake in shares of Toast, Inc. (NYSE:TOST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,656 shares of the company's stock, valued at approximately $279,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings 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 purchasing an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in Toast during the fourth quarter valued at $34,000. Toth Financial Advisory Corp bought a new position in Toast during the third quarter valued at $28,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Toast during the fourth quarter valued at $40,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Toast Stock Up 0.9 %

Shares of TOST traded up $0.35 during trading hours on Friday, hitting $40.55. The company had a trading volume of 5,360,208 shares, compared to its average volume of 5,129,576. The firm has a market cap of $19.10 billion, a P/E ratio of -312.42, a P/E/G ratio of 2.25 and a beta of 1.98. The stock's 50 day moving average price is $38.35 and its 200 day moving average price is $32.77. Toast, Inc. has a 52-week low of $18.47 and a 52-week high of $44.12.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wedbush raised their price target on Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Compass Point assumed coverage on Toast in a report on Wednesday, November 20th. They issued a "buy" rating and a $49.00 price target for the company. Morgan Stanley raised 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. Stephens raised their price target on Toast from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group cut their price target on Toast from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Toast presently has an average rating of "Hold" and an average price target of $36.09.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $42,324.84. Following the transaction, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of Toast stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.96, for a total value of $960,254.60. Following the completion of the transaction, the director now owns 395,706 shares in the company, valued at approximately $16,603,823.76. This represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 362,449 shares of company stock worth $14,538,099. Company insiders own 13.32% of the company's stock.

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.