GSA Capital Partners LLP Grows Stake in Toast, Inc. (NYSE:TOST)

GSA Capital Partners LLP lifted its stake in Toast, Inc. (NYSE:TOST) by 179.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,064 shares of the company’s stock after buying an additional 34,090 shares during the period. GSA Capital Partners LLP’s holdings in Toast were worth $1,502,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Toast by 52.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock worth $97,000 after acquiring an additional 1,345 shares during the period. Sei Investments Co. boosted its stake in shares of Toast by 3.7% in the first quarter. Sei Investments Co. now owns 642,672 shares of the company’s stock valued at $16,015,000 after purchasing an additional 22,991 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Toast during the 1st quarter valued at $355,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Toast by 28.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 178,947 shares of the company’s stock worth $4,459,000 after buying an additional 39,600 shares during the period. Finally, Blair William & Co. IL lifted its holdings in Toast by 128.4% in the 1st quarter. Blair William & Co. IL now owns 1,045,745 shares of the company’s stock worth $26,060,000 after buying an additional 587,788 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TOST shares. Deutsche Bank Aktiengesellschaft lifted their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Morgan Stanley upped their target price on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $33.00 in a research report on Thursday, July 18th. The Goldman Sachs Group lifted their price target on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.75.

Insiders Place Their Bets

In other news, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the transaction, the director now owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the transaction, the director now directly owns 120,107 shares in the company, valued at approximately $2,924,605.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aman Narang sold 10,106 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the completion of the sale, the chief executive officer now owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,575,651 shares of company stock valued at $45,472,212 over the last three months. Company insiders own 13.32% of the company’s stock.

Toast Trading Up 1.2 %

Shares of Toast stock opened at $39.92 on Thursday. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $40.53. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of -307.08 and a beta of 1.74. The business’s 50 day simple moving average is $29.08 and its 200-day simple moving average is $26.32.

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.