David Yuan Sells 189,785 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director David Yuan sold 189,785 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the completion of the sale, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This represents a 48.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toast Stock Down 0.1 %

TOST opened at $43.18 on Friday. The business’s fifty day simple moving average is $32.45 and its 200 day simple moving average is $27.54. Toast, Inc. has a 52 week low of $14.00 and a 52 week high of $44.12. The stock has a market cap of $20.34 billion, a PE ratio of -332.15, a P/E/G ratio of 54.80 and a beta of 1.74.

Hedge Funds Weigh In On Toast

Several institutional investors have recently modified their holdings of TOST. Makena Capital Management LLC grew its holdings in shares of Toast by 7.6% during the 3rd quarter. Makena Capital Management LLC now owns 274,392 shares of the company’s stock valued at $7,768,000 after purchasing an additional 19,371 shares during the last quarter. KBC Group NV grew its stake in shares of Toast by 66.5% during the third quarter. KBC Group NV now owns 42,838 shares of the company’s stock valued at $1,213,000 after buying an additional 17,106 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Toast by 13.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock worth $53,358,000 after buying an additional 218,959 shares during the period. Qsemble Capital Management LP lifted its stake in shares of Toast by 52.1% in the 3rd quarter. Qsemble Capital Management LP now owns 67,796 shares of the company’s stock valued at $1,919,000 after acquiring an additional 23,231 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Toast during the 3rd quarter valued at about $894,000. 82.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TOST. DA Davidson increased their price target on Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their target price on shares of Toast from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Robert W. Baird boosted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.86.

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.