15,006 Shares in Toast, Inc. (NYSE:TOST) Bought by Synovus Financial Corp

Synovus Financial Corp bought a new stake in Toast, Inc. (NYSE:TOST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,006 shares of the company’s stock, valued at approximately $425,000.

A number of other institutional investors have also bought and sold shares of TOST. D.A. Davidson & CO. lifted its stake in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after purchasing an additional 409 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Toast by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after buying an additional 421 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Toast by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after buying an additional 441 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Toast by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock worth $357,000 after buying an additional 448 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In related news, Director David Yuan sold 189,785 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares in the company, valued at approximately $8,551,635.29. This trade represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Aman Narang sold 10,106 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $280,643.62. Following the completion of the transaction, the chief executive officer now owns 968,095 shares in the company, valued at approximately $26,883,998.15. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,374,261 shares of company stock worth $44,535,582 in the last quarter. 13.32% of the stock is currently owned by company insiders.

Toast Trading Down 5.0 %

Shares of TOST opened at $36.29 on Thursday. The stock has a 50 day moving average of $35.75 and a 200 day moving average of $28.91. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of -279.15, a PEG ratio of 23.40 and a beta of 1.93. Toast, Inc. has a 12 month low of $16.13 and a 12 month high of $44.12.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. BNP Paribas downgraded Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 20th. Wedbush upped their price target on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Robert W. Baird raised their price objective on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on Toast from $29.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.81.

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.