35,304 Shares in Toast, Inc. (NYSE:TOST) Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new position in Toast, Inc. (NYSE:TOST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,304 shares of the company’s stock, valued at approximately $1,287,000.

Other institutional investors have also added to or reduced their stakes in the company. Makena Capital Management LLC grew its position in shares of Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock worth $7,768,000 after buying an additional 19,371 shares in the last quarter. KBC Group NV grew its holdings in Toast by 66.5% during the 3rd quarter. KBC Group NV now owns 42,838 shares of the company’s stock worth $1,213,000 after acquiring an additional 17,106 shares in the last quarter. Geode Capital Management LLC grew its holdings in Toast by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock worth $193,992,000 after acquiring an additional 155,212 shares in the last quarter. MML Investors Services LLC increased its position in Toast by 40.6% during the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock valued at $6,464,000 after purchasing an additional 65,957 shares during the period. Finally, Qsemble Capital Management LP raised its holdings in shares of Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after purchasing an additional 23,231 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 362,449 shares of company stock valued at $14,538,099. Company insiders own 13.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. DA Davidson reissued a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. Compass Point initiated coverage on shares of Toast in a research note on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley lifted their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average price target of $36.09.

Toast Price Performance

Shares of TOST stock opened at $39.76 on Thursday. The firm has a market cap of $18.73 billion, a P/E ratio of -305.85, a PEG ratio of 2.25 and a beta of 1.98. The firm’s 50-day simple moving average is $38.35 and its 200-day simple moving average is $32.77. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12.

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.