Allspring Global Investments Holdings LLC Buys 2,072,680 Shares of Toast, Inc. (NYSE:TOST)

Allspring Global Investments Holdings LLC lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 129,058.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,074,286 shares of the company’s stock after purchasing an additional 2,072,680 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Toast were worth $75,466,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TOST. Makena Capital Management LLC grew its holdings in Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after buying an additional 19,371 shares in the last quarter. KBC Group NV grew its stake in Toast by 66.5% during the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after acquiring an additional 17,106 shares in the last quarter. Geode Capital Management LLC increased 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 during the period. MML Investors Services LLC lifted its stake in Toast by 40.6% in the 3rd quarter. MML Investors Services LLC now owns 228,313 shares of the company’s stock worth $6,464,000 after purchasing an additional 65,957 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its holdings in 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 during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

TOST has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Oppenheimer started coverage on Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price for the company. BNP Paribas cut Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Finally, Wedbush upped their price objective on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Toast presently has a consensus rating of “Hold” and a consensus price target of $36.09.

Toast Price Performance

NYSE TOST opened at $39.76 on Thursday. Toast, Inc. has a 1-year low of $18.47 and a 1-year high of $44.12. The stock has a 50-day moving average of $38.35 and a 200-day moving average of $32.77.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. This trade represents a 44.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the company’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 value of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 362,449 shares of company stock worth $14,538,099. 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.