Xponance Inc. Purchases 11,463 Shares of Toast, Inc. (NYSE:TOST)

Xponance Inc. grew its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,667 shares of the company's stock after buying an additional 11,463 shares during the quarter. Xponance Inc.'s holdings in Toast were worth $3,086,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in shares of Toast by 50.5% during the third 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 during the period. ValueAct Holdings L.P. bought a new position in shares of Toast during the third quarter worth about $438,301,000. State Street Corp increased its holdings in shares of Toast by 2.5% in the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company's stock worth $235,689,000 after acquiring an additional 206,789 shares during the period. Geode Capital Management LLC lifted its position in Toast by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after purchasing an additional 155,212 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Toast by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock valued at $107,108,000 after purchasing an additional 155,446 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TOST shares. BNP Paribas set a $37.00 price target on Toast and gave the company a "neutral" rating in a report on Wednesday, February 19th. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Morgan Stanley raised their price target on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Oppenheimer began coverage on shares of Toast in a report on Friday, January 24th. They issued an "outperform" rating and a $46.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.48.

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Insider Activity

In related news, President Stephen Fredette sold 1,068 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the transaction, the director now directly owns 164,796 shares in the company, valued at $5,884,865.16. The trade was a 29.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by corporate insiders.

Toast Price Performance

NYSE TOST traded up $0.23 on Tuesday, hitting $36.38. 5,878,130 shares of the company were exchanged, compared to its average volume of 6,506,809. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The company's 50 day moving average price is $37.84 and its 200-day moving average price is $35.23. The firm has a market capitalization of $17.97 billion, a P/E ratio of -3,634.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. As a group, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

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.