Toast, Inc. (NYSE:TOST) Shares Acquired by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lifted its position in Toast, Inc. (NYSE:TOST - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,655 shares of the company's stock after acquiring an additional 20,198 shares during the quarter. Taylor Frigon Capital Management LLC's holdings in Toast were worth $2,012,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of Toast by 8.2% in the fourth quarter. IFP Advisors Inc now owns 10,002 shares of the company's stock worth $369,000 after acquiring an additional 762 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Toast by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,167,741 shares of the company's stock valued at $79,014,000 after purchasing an additional 32,582 shares during the period. Amalgamated Bank grew its holdings in Toast by 3.8% during the fourth quarter. Amalgamated Bank now owns 30,746 shares of the company's stock valued at $1,121,000 after purchasing an additional 1,138 shares during the period. New York Life Investment Management LLC acquired a new position in Toast during the fourth quarter valued at approximately $1,572,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Toast by 196.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 41,597 shares of the company's stock worth $1,516,000 after purchasing an additional 27,567 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Brian R. Elworthy sold 300,000 shares of the business's stock in a transaction dated 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 transaction, the general counsel now directly owns 216,156 shares of the company's stock, valued at approximately $9,208,245.60. The trade was a 58.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher P. Comparato sold 70,000 shares of the business's 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 in the company, valued at $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. Insiders sold 468,212 shares of company stock valued at $19,551,906 over the last quarter. Insiders own 13.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TOST shares. BMO Capital Markets upped their price target on shares of Toast from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. The Goldman Sachs Group dropped their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target on the stock in a research note on Wednesday, April 23rd. Truist Financial assumed coverage on shares of Toast in a research note on Monday, June 2nd. They issued a "buy" rating and a $48.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.21.

Toast Stock Performance

Toast stock opened at $43.89 on Monday. Toast, Inc. has a 52-week low of $22.10 and a 52-week high of $45.56. The firm has a 50 day moving average price of $40.87 and a two-hundred day moving average price of $38.19. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 190.84 and a beta of 2.02.

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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