PDT Partners LLC Purchases 25,283 Shares of Toast, Inc. (NYSE:TOST)

PDT Partners LLC grew its position in Toast, Inc. (NYSE:TOST - Free Report) by 28.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,125 shares of the company's stock after acquiring an additional 25,283 shares during the quarter. PDT Partners LLC's holdings in Toast were worth $4,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its position in Toast by 120.4% in the fourth quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new stake in shares of Toast during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Toast during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new position in Toast in the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Toast in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Price Performance

TOST stock traded up $0.78 during trading on Friday, reaching $36.08. 6,503,078 shares of the company were exchanged, compared to its average volume of 6,848,738. The company has a 50-day moving average of $34.60 and a two-hundred day moving average of $36.56. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of -3,604.40, a P/E/G ratio of 2.16 and a beta of 2.00. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TOST shares. Evercore ISI initiated coverage on shares of Toast in a research note on Wednesday, April 9th. They set an "in-line" rating and a $29.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Toast from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird raised their target price on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Oppenheimer assumed coverage on Toast in a report on Friday, January 24th. They set an "outperform" rating and a $46.00 price target for the company. Finally, JPMorgan Chase & Co. upped 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. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $40.35.

Insider Activity

In related news, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now directly owns 209,206 shares of the company's stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $39,867.78. Following the transaction, the executive now directly owns 48,488 shares in the company, valued at approximately $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,770 shares of company stock valued at $11,803,911. 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.