Dark Forest Capital Management LP Sells 36,906 Shares of Toast, Inc. (NYSE:TOST)

Dark Forest Capital Management LP lowered its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 75.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,766 shares of the company's stock after selling 36,906 shares during the period. Dark Forest Capital Management LP's holdings in Toast were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Toast by 38.0% in the 3rd quarter. Barclays PLC now owns 309,426 shares of the company's stock worth $8,758,000 after purchasing an additional 85,171 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Toast in the 3rd quarter worth about $327,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Toast in the 3rd quarter worth about $59,000. Tidal Investments LLC lifted its position in shares of Toast by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 14,310 shares of the company's stock worth $405,000 after purchasing an additional 734 shares during the period. Finally, Synovus Financial Corp purchased a new position in Toast during the 3rd quarter valued at about $425,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In other Toast news, CFO Elena Gomez sold 2,052 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $81,320.76. Following the sale, the chief financial officer now directly owns 160,498 shares of the company's stock, valued at $6,360,535.74. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated 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 directly owns 13,260 shares in the company, valued at $437,712.60. This trade represents a 72.07 % 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. Company insiders own 13.32% of the company's stock.

Toast Trading Down 0.9 %

NYSE TOST traded down $0.31 during trading hours on Thursday, hitting $35.27. 7,228,560 shares of the company's stock traded hands, compared to its average volume of 6,848,669. The business's fifty day moving average price is $34.64 and its two-hundred day moving average price is $36.46. The firm has a market capitalization of $17.54 billion, a P/E ratio of -3,523.48, a P/E/G ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TOST shares. DA Davidson lowered their price target on shares of Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday. Robert W. Baird lifted their price target on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Toast in a research report on Thursday, February 20th. Oppenheimer assumed coverage on shares of Toast in a research report on Friday, January 24th. They set an "outperform" rating and a $46.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.35.

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.