Toast, Inc. (NYSE:TOST) Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. trimmed its position in shares of Toast, Inc. (NYSE:TOST) by 81.4% in the first quarter, HoldingsChannel reports. The firm owned 39,707 shares of the company’s stock after selling 173,709 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Toast were worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOST. Principal Securities Inc. acquired a new position in shares of Toast during the fourth quarter valued at $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast during the 4th quarter worth about $31,000. Harbor Investment Advisory LLC bought a new stake in shares of Toast during the 1st quarter worth about $37,000. Baystate Wealth Management LLC boosted its holdings in shares of Toast by 58.2% in the fourth quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock valued at $44,000 after acquiring an additional 896 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Toast by 311.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,085 shares of the company’s stock valued at $75,000 after acquiring an additional 3,092 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

NYSE:TOST traded up $0.70 during trading hours on Friday, hitting $25.69. 5,996,883 shares of the company’s stock traded hands, compared to its average volume of 7,915,727. The stock’s fifty day moving average price is $24.91 and its two-hundred day moving average price is $23.05. The firm has a market cap of $11.64 billion, a P/E ratio of -51.38 and a beta of 1.76. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned ($0.16) EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities research analysts predict that Toast, Inc. will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 90,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $26.54, for a total value of $2,388,600.00. Following the transaction, the director now directly owns 112,282 shares of the company’s stock, valued at $2,979,964.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Christopher P. Comparato sold 90,000 shares of Toast stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $26.54, for a total transaction of $2,388,600.00. Following the completion of the sale, the director now directly owns 112,282 shares in the company, valued at approximately $2,979,964.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $25.55, for a total value of $2,555,000.00. Following the completion of the sale, the executive now directly owns 31,919 shares of the company’s stock, valued at approximately $815,530.45. The disclosure for this sale can be found here. Insiders sold a total of 368,455 shares of company stock worth $9,410,466 in the last quarter. 13.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TOST has been the subject of a number of research analyst reports. Piper Sandler upped their target price on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of Toast in a research note on Thursday, May 30th. Canaccord Genuity Group boosted their price target on shares of Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. UBS Group raised their price objective on shares of Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Toast in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.65.

Toast Company Profile

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.