Toast, Inc. (NYSE:TOST) is Washington Harbour Partners LP’s 7th Largest Position

Washington Harbour Partners LP boosted its holdings in shares of Toast, Inc. (NYSE:TOST) by 164.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,300 shares of the company’s stock after acquiring an additional 94,700 shares during the quarter. Toast comprises 6.1% of Washington Harbour Partners LP’s holdings, making the stock its 7th largest holding. Washington Harbour Partners LP’s holdings in Toast were worth $3,795,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TOST. LRI Investments LLC purchased a new position in shares of Toast during the 1st quarter worth approximately $27,000. Harbor Investment Advisory LLC purchased a new position in shares of Toast during the first quarter worth $37,000. Principal Securities Inc. acquired a new stake in shares of Toast in the fourth quarter valued at $30,000. Cape Investment Advisory Inc. purchased a new stake in shares of Toast in the 4th quarter valued at $31,000. Finally, Baystate Wealth Management LLC lifted its stake in Toast by 58.2% during the 4th quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock worth $44,000 after acquiring an additional 896 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insiders Place Their Bets

In related 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 completion of the sale, the director now owns 112,282 shares in the company, valued at approximately $2,979,964.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Toast news, insider James Michael Matlock sold 4,151 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $23.19, for a total transaction of $96,261.69. Following the completion of the sale, the insider now directly owns 46,510 shares of the company’s stock, valued at approximately $1,078,566.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 90,000 shares of Toast stock in a transaction that occurred 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 completion of the transaction, the director now owns 112,282 shares in the company, valued at $2,979,964.28. The disclosure for this sale can be found here. Insiders have sold a total of 368,455 shares of company stock valued at $9,410,466 over the last quarter. Company insiders own 13.32% of the company’s stock.

Toast Price Performance

Shares of Toast stock traded down $0.91 during trading hours on Thursday, hitting $25.25. The company had a trading volume of 4,221,042 shares, compared to its average volume of 7,815,266. The company’s 50-day moving average is $24.84 and its two-hundred day moving average is $23.29. The company has a market cap of $11.44 billion, a P/E ratio of -52.32 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 released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Toast’s revenue for the quarter was up 31.3% on a year-over-year basis. Sell-side analysts expect that Toast, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TOST shares. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Toast in a research note on Thursday, May 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $26.00 target price on shares of Toast in a research note on Wednesday, May 29th. Robert W. Baird cut shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price target for the company. in a research report on Tuesday, May 21st. Stephens reaffirmed an “equal weight” rating and set a $28.00 price objective on shares of Toast in a research report on Thursday, May 30th. Finally, Royal Bank of Canada lifted their target price on Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Toast 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.