True Vision MN LLC Makes New $279,000 Investment in Toast, Inc. (NYSE:TOST)

True Vision MN LLC bought a new stake in shares of Toast, Inc. (NYSE:TOST) during the 4th quarter, Holdings Channel reports. The firm bought 7,656 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in Toast by 50.5% in 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 last quarter. ValueAct Holdings L.P. purchased a new position in shares of Toast in the 3rd quarter worth $438,301,000. State Street Corp grew its holdings in shares of Toast by 2.5% in the third 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 increased its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after acquiring an additional 155,212 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Toast by 2,889.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares during the period. Institutional investors own 82.91% of the company’s stock.

Insider Activity at Toast

In other news, CRO Jonathan Vassil sold 1,006 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the completion of the sale, the executive now owns 48,488 shares in the company, valued at approximately $1,921,579.44. This trade represents a 2.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $960,254.60. Following the transaction, the director now directly owns 395,706 shares of the company’s stock, valued at approximately $16,603,823.76. This represents a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 362,449 shares of company stock valued at $14,538,099. Insiders own 13.32% of the company’s stock.

Toast Trading Up 0.8 %

TOST stock opened at $41.44 on Tuesday. The company has a fifty day simple moving average of $38.37 and a two-hundred day simple moving average of $32.62. 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 research analysts have issued reports on the company. 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 research note on Friday, January 10th. BMO Capital Markets began coverage on shares of Toast in a report on Monday, January 6th. They set an “outperform” rating and a $45.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price objective on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their target price on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.09.

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.