Toast, Inc. (NYSE:TOST) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its stake in Toast, Inc. (NYSE:TOST) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,368 shares of the company’s stock after selling 15,150 shares during the period. Diversified Trust Co’s holdings in Toast were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TOST. Principal Financial Group Inc. boosted its stake in shares of Toast by 4.6% during the 2nd quarter. Principal Financial Group Inc. now owns 38,663 shares of the company’s stock worth $996,000 after acquiring an additional 1,716 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Toast by 3.4% during the second quarter. Victory Capital Management Inc. now owns 49,002 shares of the company’s stock worth $1,263,000 after purchasing an additional 1,611 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Toast during the second quarter worth $714,000. Los Angeles Capital Management LLC acquired a new stake in Toast in the second quarter valued at $221,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Toast in the second quarter valued at $364,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Insider Buying and Selling at Toast

In related news, Director Christopher P. Comparato sold 145,000 shares of Toast stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the transaction, the director now owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Fredette sold 40,459 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $29.04, for a total value of $1,174,929.36. Following the completion of the sale, the president now owns 1,700,282 shares of the company’s stock, valued at approximately $49,376,189.28. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,109,307 shares of company stock valued at $38,235,613. Company insiders own 13.32% of the company’s stock.

Toast Stock Down 0.8 %

Shares of NYSE TOST opened at $37.13 on Friday. The stock has a market capitalization of $17.49 billion, a PE ratio of -285.62, a P/E/G ratio of 23.40 and a beta of 1.97. The firm has a fifty day moving average of $38.29 and a 200-day moving average of $30.45. Toast, Inc. has a 52-week low of $16.13 and a 52-week high of $44.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $34.00) on shares of Toast in a research report on Monday, December 2nd. Wells Fargo & Company upped their price target on shares of Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Morgan Stanley increased their price target on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.27.

About Toast

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.