Ceera Investments LLC Takes $420,000 Position in Toast, Inc. (NYSE:TOST)

Ceera Investments LLC acquired a new position in Toast, Inc. (NYSE:TOSTFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,000 shares of the company’s stock, valued at approximately $420,000.

Several other large investors have also recently bought and sold shares of TOST. Principal Securities Inc. acquired a new position in shares of Toast during the fourth quarter valued at approximately $30,000. SRS Capital Advisors Inc. acquired a new position in shares of Toast during the 3rd quarter valued at $33,000. Larson Financial Group LLC raised its stake in shares of Toast by 8,181.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock worth $34,000 after buying an additional 1,800 shares in the last quarter. Spire Wealth Management lifted 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 valued at $34,000 after buying an additional 1,522 shares during the period. Finally, Your Advocates Ltd. LLP bought a new position in Toast during the third quarter valued at about $37,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Activity at Toast

In other Toast news, CFO Elena Gomez sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $26.39, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 176,980 shares in the company, valued at approximately $4,670,502.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toast news, CFO Elena Gomez sold 12,500 shares of the firm’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 value of $329,875.00. Following the completion of the sale, the chief financial officer now owns 176,980 shares in the company, valued at approximately $4,670,502.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the sale, the executive now owns 25,422 shares in the company, valued at $582,163.80. The disclosure for this sale can be found here. Insiders sold a total of 193,010 shares of company stock worth $4,711,760 in the last ninety days. 13.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TOST. Piper Sandler boosted their price target on shares of Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Robert W. Baird increased their target price on shares of Toast from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. The Goldman Sachs Group lifted their price target on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Redburn Atlantic upgraded Toast from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, February 7th. Finally, BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.80.

Get Our Latest Stock Report on Toast

Toast Trading Up 2.1 %

TOST traded up $0.58 during trading on Wednesday, hitting $27.74. The stock had a trading volume of 8,187,072 shares, compared to its average volume of 8,261,872. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.87. The company has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $19.94. The firm has a market cap of $12.57 billion, a PE ratio of -55.48 and a beta of 1.77.

Toast (NYSE:TOSTGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Toast, Inc. will post -0.16 earnings per share for the current fiscal year.

Toast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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