Toast, Inc. (NYSE:TOST) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Toast, Inc. (NYSE:TOST) by 73.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,137 shares of the company’s stock after purchasing an additional 1,330 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Toast were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOST. FMR LLC boosted its stake in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after acquiring an additional 8,205,053 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Toast during the third quarter worth approximately $438,301,000. State Street Corp boosted its position in Toast by 2.5% during the third quarter. State Street Corp now owns 8,325,292 shares of the company’s stock worth $235,689,000 after purchasing an additional 206,789 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Toast by 2.3% in the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company’s stock valued at $193,992,000 after buying an additional 155,212 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake 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 during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In other news, CRO Jonathan Vassil sold 1,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the transaction, the executive now directly owns 48,488 shares in the company, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the completion of the sale, the director now owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 362,449 shares of company stock worth $14,538,099 over the last quarter. 13.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TOST shares. Royal Bank of Canada lifted their price target on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird lifted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Stephens raised their price target on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Oppenheimer assumed coverage on Toast in a research note on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective for the company. Finally, Piper Sandler raised their target price on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.09.

Toast Stock Performance

TOST opened at $40.57 on Friday. The stock has a market capitalization of $19.11 billion, a PE ratio of -312.11, a P/E/G ratio of 2.25 and a beta of 1.98. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12. The business’s 50 day moving average price is $38.43 and its 200 day moving average price is $32.92.

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.