31,596 Shares in Toast, Inc. (NYSE:TOST) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Toast, Inc. (NYSE:TOST) in the 3rd quarter, Holdings Channel reports. The fund purchased 31,596 shares of the company’s stock, valued at approximately $894,000.

Other hedge funds have also recently bought and sold shares of the company. Whale Rock Capital Management LLC acquired a new stake in shares of Toast in the 1st quarter valued at approximately $179,111,000. Assenagon Asset Management S.A. lifted its stake in Toast by 2,889.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock valued at $108,427,000 after acquiring an additional 3,701,893 shares during the last quarter. Capital International Investors grew its position in shares of Toast by 12.2% in the 1st quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock valued at $820,468,000 after acquiring an additional 3,574,397 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Toast by 21.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock worth $486,557,000 after purchasing an additional 3,445,788 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Toast by 175.8% in the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company’s stock valued at $64,871,000 after purchasing an additional 1,604,716 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the sale, the president now directly owns 2,638,023 shares in the company, valued at $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Stephen Fredette sold 211,686 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the completion of the transaction, the president now owns 2,638,023 shares of the company’s stock, valued at approximately $62,178,202.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 10,106 shares of Toast stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $280,643.62. Following the sale, the chief executive officer now directly owns 968,095 shares in the company, valued at $26,883,998.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,575,651 shares of company stock worth $45,472,212. Corporate insiders own 13.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TOST. Morgan Stanley boosted their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group raised their price target on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Toast in a report on Wednesday, August 7th. Finally, Wedbush raised their target price on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Toast Stock Up 1.2 %

TOST stock opened at $39.92 on Thursday. The company’s 50-day moving average price is $29.08 and its two-hundred day moving average price is $26.32. The firm has a market cap of $18.80 billion, a P/E ratio of -307.08 and a beta of 1.74. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $40.53.

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.