Toast, Inc. (NYSE:TOST) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of Toast, Inc. (NYSE:TOST) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,860 shares of the company’s stock after selling 4,857 shares during the quarter. Corient Private Wealth LLC’s holdings in Toast were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank acquired a new position in shares of Toast in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in Toast in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in Toast in the fourth quarter valued at approximately $35,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Toast in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their target price on Toast from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Royal Bank of Canada raised their target price on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. UBS Group lifted their price objective on shares of Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. BNP Paribas set a $37.00 price target on shares of Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Oppenheimer initiated coverage on Toast in a research note on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.48.

Insider Buying and Selling at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,770 shares of company stock valued at $9,409,211. 13.32% of the stock is owned by company insiders.

Toast Stock Performance

Shares of NYSE TOST opened at $33.53 on Monday. The firm’s 50 day moving average price is $37.72 and its 200-day moving average price is $35.48. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12. The company has a market cap of $16.56 billion, a PE ratio of -3,349.25, a P/E/G ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. On average, analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

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.