Toast, Inc. (NYSE:TOST) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. cut its stake in shares of Toast, Inc. (NYSE:TOST) by 11.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,770 shares of the company’s stock after selling 6,350 shares during the period. Kampmann Melissa S.’s holdings in Toast were worth $1,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vinva Investment Management Ltd purchased a new stake in Toast during the 4th quarter worth approximately $2,067,000. Xponance Inc. increased its holdings in Toast by 15.7% during the 4th quarter. Xponance Inc. now owns 84,667 shares of the company’s stock worth $3,086,000 after purchasing an additional 11,463 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Toast during the 4th quarter worth approximately $661,000. Envestnet Portfolio Solutions Inc. increased its holdings in Toast by 6.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,967 shares of the company’s stock worth $728,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Globeflex Capital L P increased its holdings in Toast by 11.6% during the 4th quarter. Globeflex Capital L P now owns 129,970 shares of the company’s stock worth $4,737,000 after purchasing an additional 13,500 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Performance

Shares of TOST stock opened at $35.09 on Thursday. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $44.12. The stock has a fifty day moving average of $37.90 and a two-hundred day moving average of $34.91. The firm has a market capitalization of $17.33 billion, a PE ratio of -3,505.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TOST. BMO Capital Markets boosted their price target on Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price target on Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Oppenheimer began coverage on Toast in a report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target for the company. Canaccord Genuity Group boosted their price target on Toast from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.48.

Insiders Place Their Bets

In other news, Director Deval L. Patrick sold 34,222 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at $437,712.60. This represents a 72.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Stephen Fredette sold 1,068 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. This trade represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,714 shares of company stock worth $5,360,943. 13.32% of the stock is owned by company insiders.

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.