Blueshift Asset Management LLC Buys 1,059 Shares of Toast, Inc. (NYSE:TOST)

Blueshift Asset Management LLC boosted its position in Toast, Inc. (NYSE:TOST) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,754 shares of the company’s stock after buying an additional 1,059 shares during the quarter. Blueshift Asset Management LLC’s holdings in Toast were worth $1,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. West Branch Capital LLC bought a new position in shares of Toast in the second quarter worth about $26,000. LRI Investments LLC bought a new stake in Toast in the 1st quarter valued at $27,000. Toth Financial Advisory Corp acquired a new stake in Toast in the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toast during the 2nd quarter worth about $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Toast during the 2nd quarter worth about $34,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard Kent Bennett sold 22,885 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total value of $960,254.60. Following the sale, the director now directly owns 395,706 shares in the company, valued at approximately $16,603,823.76. This trade represents a 5.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Jonathan Vassil sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.55, for a total transaction of $3,655,000.00. Following the sale, the executive now directly owns 39,834 shares in the company, valued at approximately $1,455,932.70. The trade was a 71.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,498,536 shares of company stock valued at $43,997,467. 13.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. BNP Paribas lowered shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. DA Davidson lifted their price objective on Toast from $35.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Piper Sandler increased their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.86.

Toast Price Performance

TOST opened at $43.22 on Wednesday. The business has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $27.43. The company has a market capitalization of $20.36 billion, a PE ratio of -332.46, a price-to-earnings-growth ratio of 54.80 and a beta of 1.74. Toast, Inc. has a 1 year low of $14.00 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.