Aigen Investment Management LP Has $1.22 Million Holdings in Toast, Inc. (NYSE:TOST)

Aigen Investment Management LP trimmed its holdings in shares of Toast, Inc. (NYSE:TOST - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,037 shares of the company's stock after selling 73,412 shares during the quarter. Aigen Investment Management LP's holdings in Toast were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TOST. Raymond James & Associates raised its stake in Toast by 147.9% in the 3rd quarter. Raymond James & Associates now owns 173,263 shares of the company's stock worth $3,245,000 after acquiring an additional 103,381 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Toast by 26.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,655 shares of the company's stock valued at $406,000 after buying an additional 4,571 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Toast by 3.5% during the third quarter. Teacher Retirement System of Texas now owns 23,938 shares of the company's stock worth $448,000 after purchasing an additional 802 shares during the period. M&T Bank Corp purchased a new stake in shares of Toast during the 3rd quarter valued at approximately $195,000. Finally, FDx Advisors Inc. acquired a new position in shares of Toast in the 3rd quarter valued at $245,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TOST shares. BNP Paribas upgraded Toast from a "neutral" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Thursday, March 7th. Royal Bank of Canada raised their price target on Toast from $23.00 to $27.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 8th. Evercore ISI initiated coverage on shares of Toast in a research report on Monday, March 4th. They set an "outperform" rating and a $32.00 price objective for the company. Robert W. Baird downgraded Toast from an "outperform" rating to a "neutral" rating and set a $28.00 target price for the company. in a research note on Tuesday. Finally, Piper Sandler boosted their price objective on shares of Toast from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.80.

Toast Trading Down 1.6 %

Toast stock traded down $0.42 during midday trading on Tuesday, hitting $26.54. The stock had a trading volume of 7,792,213 shares, compared to its average volume of 8,209,191. The business has a fifty day moving average price of $24.22 and a 200 day moving average price of $20.26. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90. The stock has a market cap of $12.02 billion, a P/E ratio of -53.08 and a beta of 1.77.

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

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the sale, the executive now owns 22,956 shares in the company, valued at $579,409.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aman Narang sold 2,471 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the sale, the chief executive officer now directly owns 1,114,454 shares of the company's stock, valued at $26,078,223.60. The disclosure for this sale can be found here. Insiders have sold 193,010 shares of company stock valued at $4,711,760 over the last three months. Company insiders own 13.32% of the company's stock.

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.