Caisse DE Depot ET Placement DU Quebec Has $16.78 Million Stock Position in Toast, Inc. (NYSE:TOST)

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 35.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,446 shares of the company's stock after selling 249,615 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Toast worth $16,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of TOST. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Toast by 0.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company's stock worth $1,408,000 after purchasing an additional 301 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Toast by 11.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock valued at $125,000 after acquiring an additional 358 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in Toast by 0.9% in the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company's stock valued at $1,529,000 after buying an additional 360 shares during the period. Blue Trust Inc. raised its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Toast by 19.8% in the 4th quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company's stock valued at $89,000 after purchasing an additional 402 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Analysts Set New Price Targets

TOST has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. The Goldman Sachs Group dropped their target price on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. DA Davidson dropped their price objective on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wolfe Research upgraded Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their price target on shares of Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.35.

Insider Activity

In related news, President Stephen Fredette sold 70,340 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the transaction, the president now owns 1,574,316 shares in the company, valued at $53,322,082.92. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $34.21, for a total transaction of $2,394,700.00. Following the completion of the transaction, the director now directly owns 179,316 shares of the company's stock, valued at approximately $6,134,400.36. The trade was a 28.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,770 shares of company stock valued at $11,803,911. Insiders own 13.32% of the company's stock.

Toast Stock Performance

Shares of NYSE:TOST opened at $36.08 on Friday. The firm has a fifty day moving average of $34.60 and a 200 day moving average of $36.56. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The firm has a market capitalization of $17.95 billion, a PE ratio of -3,604.40, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, sell-side analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Toast 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.

Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. (NYSE:TOST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.