Toast, Inc. (NYSE:TOST) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP boosted its stake in Toast, Inc. (NYSE:TOST - Free Report) by 914.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,846,200 shares of the company's stock after buying an additional 2,565,634 shares during the period. Two Sigma Investments LP owned 0.60% of Toast worth $103,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tidal Investments LLC grew its holdings in Toast by 423.9% in the fourth quarter. Tidal Investments LLC now owns 74,963 shares of the company's stock worth $2,732,000 after purchasing an additional 60,653 shares during the period. Toronto Dominion Bank boosted its position in shares of Toast by 10.8% in the 4th quarter. Toronto Dominion Bank now owns 51,300 shares of the company's stock worth $1,870,000 after purchasing an additional 4,981 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Toast by 5.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 32,145 shares of the company's stock worth $1,172,000 after buying an additional 1,700 shares during the last quarter. Redwood Investment Management LLC bought a new position in Toast during the 4th quarter valued at approximately $466,000. Finally, Polar Capital Holdings Plc purchased a new position in Toast during the fourth quarter valued at $31,155,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of Toast stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $44.74, for a total value of $3,131,800.00. Following the completion of the transaction, the director now owns 187,140 shares of the company's stock, valued at approximately $8,372,643.60. The trade was a 27.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul D. Bell sold 11,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the sale, the director now directly owns 229,680 shares in the company, valued at approximately $10,365,458.40. The trade was a 4.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 416,991 shares of company stock valued at $15,242,750 over the last quarter. 13.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer initiated coverage on Toast in a research note on Friday, January 24th. They set an "outperform" rating and a $46.00 target price on the stock. DA Davidson reduced their price objective on Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Canaccord Genuity Group upped their target price on shares of Toast from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Wolfe Research upgraded shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 price target for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Toast from $36.00 to $42.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.91.

Toast Trading Down 0.5%

Shares of TOST stock traded down $0.20 during trading hours on Thursday, reaching $42.64. 7,404,120 shares of the company's stock were exchanged, compared to its average volume of 6,861,750. The stock's fifty day moving average price is $36.31 and its two-hundred day moving average price is $37.67. The stock has a market cap of $21.23 billion, a PE ratio of -4,259.34, a PEG ratio of 2.16 and a beta of 1.98. Toast, Inc. has a 1 year low of $21.32 and a 1 year high of $45.56.

Toast (NYSE:TOST - Get Free Report) last released 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current fiscal year.

About Toast

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.