Toast, Inc. (NYSE:TOST) Major Shareholder Bessemer Venture Partners Ix L Sells 416,931 Shares

Toast, Inc. (NYSE:TOSTGet Rating) major shareholder Bessemer Venture Partners Ix L sold 416,931 shares of Toast stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $18.16, for a total value of $7,571,466.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Bessemer Venture Partners Ix L also recently made the following trade(s):

  • On Friday, November 18th, Bessemer Venture Partners Ix L sold 546,190 shares of Toast stock. The stock was sold at an average price of $18.50, for a total transaction of $10,104,515.00.

Toast Price Performance

Shares of TOST stock opened at $18.22 on Wednesday. Toast, Inc. has a 52 week low of $11.91 and a 52 week high of $44.45. The company has a 50-day simple moving average of $19.05 and a 200 day simple moving average of $17.09.

Institutional Investors Weigh In On Toast

Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in Toast by 37.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,013 shares of the company’s stock worth $282,000 after buying an additional 3,543 shares during the period. Clearstead Advisors LLC increased its position in Toast by 818.8% during the first quarter. Clearstead Advisors LLC now owns 55,153 shares of the company’s stock worth $1,198,000 after acquiring an additional 49,150 shares during the period. Stephens Inc. AR raised its stake in Toast by 5,063.8% in the 1st quarter. Stephens Inc. AR now owns 10,276 shares of the company’s stock worth $223,000 after purchasing an additional 10,077 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Toast by 63.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 960,514 shares of the company’s stock valued at $20,872,000 after purchasing an additional 371,923 shares during the period. Finally, Bridgewater Advisors Inc. boosted its holdings in Toast by 6.8% in the 1st quarter. Bridgewater Advisors Inc. now owns 16,660 shares of the company’s stock valued at $362,000 after purchasing an additional 1,060 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TOST has been the subject of several recent research reports. Needham & Company LLC increased their target price on shares of Toast from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, November 11th. Credit Suisse Group increased their price objective on shares of Toast to $21.50 in a research note on Wednesday, November 16th. Piper Sandler lifted their target price on Toast from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, August 12th. Wells Fargo & Company increased their price target on Toast from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of Toast in a research report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.61.

About Toast

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

Further Reading

Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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