Centiva Capital LP Invests $406,000 in Toast, Inc. (NYSE:TOST)

Centiva Capital LP acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,150 shares of the company's stock, valued at approximately $406,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC bought a new position in Toast during the 4th quarter worth $460,000. Chapman Financial Group LLC bought a new position in Toast during the 4th quarter worth $1,802,000. Bayesian Capital Management LP increased its stake in Toast by 142.3% during the 4th quarter. Bayesian Capital Management LP now owns 46,485 shares of the company's stock worth $1,694,000 after acquiring an additional 27,300 shares during the period. Benjamin Edwards Inc. bought a new position in Toast during the 4th quarter worth $236,000. Finally, BNP Paribas Financial Markets bought a new position in Toast during the 4th quarter worth $83,684,000. Institutional investors own 82.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TOST shares. Robert W. Baird lifted their price target on Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their price target on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Toast in a research note on Thursday, February 20th. DA Davidson decreased their price target on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group boosted their price objective on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.91.

Insider Buying and Selling

In related news, President Stephen Fredette sold 70,340 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the transaction, the president now directly owns 1,574,316 shares of the company's stock, valued at approximately $53,322,082.92. This represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $34.21, for a total value of $2,394,700.00. Following the transaction, the director now directly owns 179,316 shares in the company, valued at approximately $6,134,400.36. This trade represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 335,991 shares of company stock valued at $11,614,520. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of NYSE:TOST traded up $0.89 during midday trading on Wednesday, reaching $44.85. The company's stock had a trading volume of 8,119,125 shares, compared to its average volume of 6,880,321. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of -4,480.52, a PEG ratio of 2.16 and a beta of 1.98. The firm has a 50 day moving average price of $35.09 and a two-hundred day moving average price of $37.10. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $45.56.

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 analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, research analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

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.