Toast, Inc. (NYSE:TOST) Stake Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,137,169 shares of the company's stock after purchasing an additional 62,883 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.43% of Toast worth $73,219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keel Point LLC lifted its position in Toast by 2.7% during the 4th quarter. Keel Point LLC now owns 12,269 shares of the company's stock worth $447,000 after acquiring an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Toast by 11.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company's stock worth $125,000 after purchasing an additional 358 shares in the last quarter. Piscataqua Savings Bank boosted its stake in shares of Toast by 57.1% in the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares during the period. Farther Finance Advisors LLC grew its holdings in Toast by 19.8% during 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 in the last quarter. Finally, Legacy Advisors LLC increased its stake in Toast by 1.7% during the 1st quarter. Legacy Advisors LLC now owns 26,318 shares of the company's stock worth $873,000 after buying an additional 438 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Insider Buying and Selling at Toast

In other news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $44.74, for a total transaction of $3,131,800.00. Following the completion of the sale, the director now directly owns 187,140 shares of the company's stock, valued at $8,372,643.60. This represents a 27.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $42.60, for a total value of $12,780,000.00. Following the completion of the transaction, the general counsel now owns 216,156 shares of the company's stock, valued at $9,208,245.60. This trade represents a 58.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 468,212 shares of company stock valued at $19,551,906. 13.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. DA Davidson lowered their price target on Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Morgan Stanley raised their price objective on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Evercore ISI began coverage on shares of Toast in a research note on Wednesday, April 9th. They set an "in-line" rating and a $29.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Toast has an average rating of "Moderate Buy" and a consensus target price of $41.21.

Toast Price Performance

Shares of Toast stock traded up $0.42 during trading on Monday, hitting $44.31. The stock had a trading volume of 1,494,327 shares, compared to its average volume of 6,689,281. The business has a fifty day moving average of $40.87 and a two-hundred day moving average of $38.19. Toast, Inc. has a fifty-two week low of $22.10 and a fifty-two week high of $45.56. The firm has a market cap of $22.06 billion, a P/E ratio of 192.30 and a beta of 2.02.

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.