Toast, Inc. (NYSE:TOST) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Toast, Inc. (NYSE:TOST) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,663 shares of the company’s stock after buying an additional 661 shares during the quarter. Victory Capital Management Inc.’s holdings in Toast were worth $1,406,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. XN LP grew its position in shares of Toast by 40.9% during the 1st quarter. XN LP now owns 5,055,225 shares of the company’s stock valued at $125,976,000 after buying an additional 1,467,339 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Toast by 2,889.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after buying an additional 3,701,893 shares in the last quarter. Marshall Wace LLP lifted its position in Toast by 175.8% in the second quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock worth $64,871,000 after purchasing an additional 1,604,716 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Toast by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,236,203 shares of the company’s stock valued at $57,627,000 after buying an additional 406,686 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in shares of Toast by 13.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,884,771 shares of the company’s stock valued at $53,358,000 after purchasing an additional 218,959 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Toast Price Performance

Shares of NYSE:TOST opened at $43.00 on Tuesday. The business’s fifty day moving average price is $31.45 and its two-hundred day moving average price is $27.21. Toast, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $43.62. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of -332.38, a price-to-earnings-growth ratio of 54.47 and a beta of 1.74.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TOST shares. Royal Bank of Canada raised their price objective on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Compass Point initiated coverage on Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. Morgan Stanley increased their price objective on Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.86.

Insider Buying and Selling at Toast

In other news, CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.55, for a total value of $3,655,000.00. Following the transaction, the executive now owns 39,834 shares of the company’s stock, valued at approximately $1,455,932.70. This trade represents a 71.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Kent Bennett sold 22,885 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total transaction of $960,254.60. Following the sale, the director now owns 395,706 shares of the company’s stock, valued at $16,603,823.76. The trade was a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,498,536 shares of company stock worth $43,997,467 over the last ninety days. Corporate insiders own 13.32% of the company’s stock.

Toast Company 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.