Gilder Gagnon Howe & Co. LLC Has $147.23 Million Stock Position in Toast, Inc. (NYSE:TOST)

Gilder Gagnon Howe & Co. LLC grew its stake in Toast, Inc. (NYSE:TOST - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,039,303 shares of the company's stock after acquiring an additional 445,916 shares during the quarter. Toast comprises approximately 1.6% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 15th biggest holding. Gilder Gagnon Howe & Co. LLC owned approximately 0.86% of Toast worth $147,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TOST. Blue Trust Inc. lifted its stake in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after buying an additional 378 shares during the period. Piscataqua Savings Bank purchased a new stake in Toast during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Toast in the fourth quarter valued at about $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Toast in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Trading Up 0.3 %

NYSE TOST traded up $0.12 on Thursday, reaching $35.70. The company's stock had a trading volume of 2,646,348 shares, compared to its average volume of 6,830,967. The business has a 50-day moving average price of $34.64 and a 200 day moving average price of $36.46. The firm has a market cap of $17.76 billion, a PE ratio of -3,564.54, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Toast

In other Toast news, Director Christopher P. Comparato sold 70,000 shares of the 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 owns 179,316 shares in the company, valued at approximately $6,134,400.36. This represents a 28.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares in the company, valued at $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,770 shares of company stock worth $11,803,911. Company insiders own 13.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TOST shares. DA Davidson cut their price target on shares of Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday. BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their target price on shares of Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Evercore ISI started coverage on shares of Toast in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $40.35.

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.