Oxinas Partners Wealth Management LLC Lowers Stake in Toast, Inc. (NYSE:TOST)

Oxinas Partners Wealth Management LLC decreased its position in Toast, Inc. (NYSE:TOST - Free Report) by 41.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,654 shares of the company's stock after selling 6,200 shares during the quarter. Oxinas Partners Wealth Management LLC's holdings in Toast were worth $287,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Toast during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast during the 4th quarter worth approximately $35,000. Wingate Wealth Advisors Inc. purchased a new position in Toast in the 4th quarter valued at approximately $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Toast in the fourth quarter worth $42,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Up 2.4%

Shares of NYSE TOST opened at $42.83 on Friday. The stock has a market cap of $21.33 billion, a P/E ratio of -4,278.42, a P/E/G ratio of 2.16 and a beta of 2.02. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56. The stock has a 50 day moving average of $37.77 and a two-hundred day moving average of $38.04.

Insider Activity

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $42.60, for a total transaction of $12,780,000.00. Following the completion of the sale, the general counsel now directly owns 216,156 shares of the company's stock, valued at approximately $9,208,245.60. This trade represents a 58.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the completion of the transaction, the director now 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. Insiders have sold 646,651 shares of company stock valued at $25,640,334 in the last ninety days. 13.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. BMO Capital Markets increased their price target on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Morgan Stanley boosted their price objective on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. DA Davidson cut their target price on shares of Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $41.21.

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.

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