Toast, Inc. (NYSE:TOST) Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Toast, Inc. (NYSE:TOST) by 106.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,784 shares of the company’s stock after purchasing an additional 1,438 shares during the quarter. GAMMA Investing LLC’s holdings in Toast were worth $101,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in shares of Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after purchasing an additional 409 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Toast by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock worth $927,000 after buying an additional 421 shares in the last quarter. Private Advisor Group LLC grew its holdings in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after buying an additional 441 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock worth $357,000 after buying an additional 448 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after buying an additional 496 shares in the last quarter. 82.91% of the stock is owned by institutional investors.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 145,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the transaction, the executive now owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. This represents a 3.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,109,307 shares of company stock worth $38,235,613. Company insiders own 13.32% of the company’s stock.

Toast Stock Performance

NYSE TOST opened at $35.72 on Friday. The firm has a 50-day simple moving average of $38.43 and a 200 day simple moving average of $30.50. Toast, Inc. has a twelve month low of $16.13 and a twelve month high of $44.12. The stock has a market cap of $16.82 billion, a PE ratio of -274.77, a PEG ratio of 23.40 and a beta of 1.97.

Analysts Set New Price Targets

TOST has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. DA Davidson reissued a “neutral” rating and issued a $38.00 price objective (down from $44.00) on shares of Toast in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on Toast from $28.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Toast has an average rating of “Hold” and an average price target of $35.05.

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.