Toast, Inc. (NYSE:TOST) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,606 shares of the company's stock after selling 673,394 shares during the period. Aquatic Capital Management LLC's holdings in Toast were worth $3,047,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock worth $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank purchased a new position in Toast during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Toast in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in Toast in the 4th quarter worth $35,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Toast during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Activity at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 70,000 shares of the stock in a transaction that occurred on 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 trade represents a 28.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,770 shares of company stock valued at $11,803,911 over the last 90 days. Insiders own 13.32% of the company's stock.

Toast Stock Performance

NYSE:TOST traded up $0.78 during trading hours on Friday, reaching $36.08. The company's stock had a trading volume of 6,503,078 shares, compared to its average volume of 6,848,739. The stock has a 50 day moving average price of $34.60 and a two-hundred day moving average price of $36.56. The company has a market capitalization of $17.95 billion, a P/E ratio of -3,604.40, a price-to-earnings-growth ratio of 2.16 and a beta of 2.00. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, analysts predict that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Toast from $40.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Wolfe Research raised shares of Toast from a "peer perform" rating to an "outperform" rating and set a $44.00 target price for the company in a report on Wednesday, April 23rd. BMO Capital Markets upped their price target on shares of Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Oppenheimer assumed coverage on shares of Toast in a research note on Friday, January 24th. They issued an "outperform" rating and a $46.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.