Amundi raised its holdings in Toast, Inc. (NYSE:TOST - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 468,387 shares of the company's stock after acquiring an additional 179,599 shares during the period. Amundi owned about 0.10% of Toast worth $17,429,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its position in Toast by 50.5% in the third quarter. FMR LLC now owns 24,449,743 shares of the company's stock valued at $692,172,000 after purchasing an additional 8,205,053 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in Toast during the 3rd quarter worth approximately $438,301,000. State Street Corp grew its holdings in Toast by 2.5% during the 3rd quarter. State Street Corp now owns 8,325,292 shares of the company's stock worth $235,689,000 after acquiring an additional 206,789 shares during the last quarter. Geode Capital Management LLC grew its stake 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 worth $193,992,000 after purchasing an additional 155,212 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Toast by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after acquiring an additional 155,446 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.
In other news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now directly owns 182,451 shares of the company's stock, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian R. Elworthy sold 653 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company's stock, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,641 shares of company stock valued at $8,937,776 in the last three months. Company insiders own 13.32% of the company's stock.
TOST has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Toast from $25.00 to $30.00 and gave the stock an "underweight" rating in a research report on Thursday, January 16th. Robert W. Baird upped their price target on shares of Toast from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. UBS Group lifted their price objective on Toast from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Toast in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.48.
Check Out Our Latest Stock Report on TOST
Shares of TOST stock traded up $1.80 during trading on Friday, hitting $34.41. The company's stock had a trading volume of 7,424,289 shares, compared to its average volume of 6,523,931. The company has a market cap of $17.00 billion, a PE ratio of -3,437.06, a P/E/G ratio of 2.16 and a beta of 1.99. The business has a fifty day moving average of $38.12 and a 200-day moving average of $34.56. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.
Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.
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.
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