Jump Financial LLC Sells 102,742 Shares of Toast, Inc. (NYSE:TOST)

Jump Financial LLC lowered its stake in Toast, Inc. (NYSE:TOST - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,099 shares of the company's stock after selling 102,742 shares during the period. Jump Financial LLC's holdings in Toast were worth $2,376,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TOST. Principal Securities Inc. purchased a new position in shares of Toast in the 4th quarter valued at about $30,000. SRS Capital Advisors Inc. acquired a new position in shares of Toast during the 3rd quarter worth approximately $33,000. Larson Financial Group LLC raised its position in shares of Toast by 8,181.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company's stock worth $34,000 after purchasing an additional 1,800 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Toast by 481.6% in the third quarter. Spire Wealth Management now owns 1,838 shares of the company's stock worth $34,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Your Advocates Ltd. LLP acquired a new position in Toast in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TOST. Piper Sandler boosted their price objective on shares of Toast from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, May 9th. Canaccord Genuity Group increased their price target on shares of Toast from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. Royal Bank of Canada boosted their price objective on shares of Toast from $23.00 to $27.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 8th. The Goldman Sachs Group lifted their target price on Toast from $26.00 to $29.00 and gave the company a "buy" rating in a report on Monday, April 15th. Finally, Redburn Atlantic upgraded Toast from a "neutral" rating to a "buy" rating and set a $28.00 target price for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.80.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the sale, the executive now directly owns 22,956 shares in the company, valued at approximately $579,409.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Jonathan Vassil sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the completion of the transaction, the executive now owns 22,956 shares in the company, valued at approximately $579,409.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elena Gomez sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total transaction of $329,875.00. Following the completion of the sale, the chief financial officer now owns 176,980 shares in the company, valued at $4,670,502.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,010 shares of company stock worth $4,711,760. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of Toast stock traded up $0.14 during trading hours on Tuesday, reaching $27.17. The company's stock had a trading volume of 6,206,277 shares, compared to its average volume of 8,262,629. The stock has a market cap of $12.31 billion, a P/E ratio of -54.33 and a beta of 1.77. Toast, Inc. has a one year low of $13.77 and a one year high of $27.70. The company's 50 day simple moving average is $23.98 and its 200 day simple moving average is $19.88.

Toast (NYSE:TOST - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.15). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.04 billion. Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The firm's quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business posted ($0.16) earnings per share. On average, sell-side analysts predict that Toast, Inc. will post -0.17 earnings per share for the current fiscal year.

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.