Toast, Inc. (NYSE:TOST) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Toast, Inc. (NYSE:TOST - Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,651,908 shares of the company's stock after buying an additional 147,267 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Toast worth $60,212,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TOST. Voloridge Investment Management LLC lifted its holdings in Toast by 898.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,858,720 shares of the company's stock valued at $104,200,000 after purchasing an additional 2,572,503 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of Toast by 66.4% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,416,408 shares of the company's stock valued at $51,628,000 after buying an additional 565,443 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Toast during the fourth quarter worth about $490,000. Sone Capital Management LLC acquired a new position in shares of Toast in the fourth quarter worth $2,416,000. Finally, Two Sigma Advisers LP acquired a new stake in Toast in the 4th quarter valued at about $87,188,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Insider Buying and Selling

In related news, Director Deval L. Patrick sold 34,222 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now directly owns 13,260 shares of the company's stock, valued at approximately $437,712.60. This trade represents a 72.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul D. Bell sold 11,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total value of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 416,991 shares of company stock worth $15,242,750. 13.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Toast from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Canaccord Genuity Group raised their price target on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Morgan Stanley upped their price objective on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Piper Sandler increased their price target on Toast from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, DA Davidson cut their price objective on shares of Toast from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Twelve analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.91.

Toast Trading Down 2.5%

Shares of Toast stock traded down $1.04 during mid-day trading on Friday, hitting $41.20. 2,066,654 shares of the stock were exchanged, compared to its average volume of 6,771,682. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $45.56. The company has a 50-day simple moving average of $37.03 and a 200 day simple moving average of $37.96. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of -4,107.99, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98.

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.