Rockefeller Capital Management L.P. Acquires 21,806 Shares of Toast, Inc. (NYSE:TOST)

Rockefeller Capital Management L.P. raised its holdings in shares of Toast, Inc. (NYSE:TOST) by 23.7% in the third quarter, HoldingsChannel reports. The firm owned 113,974 shares of the company’s stock after buying an additional 21,806 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Toast were worth $3,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. raised its position in Toast by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock valued at $626,000 after purchasing an additional 409 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after buying an additional 421 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock worth $357,000 after purchasing an additional 448 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Compass Point started coverage on Toast in a report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. Robert W. Baird lifted their target price on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Bank of America lifted their target price on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.14.

Insiders Place Their Bets

In other Toast news, CRO Jonathan Vassil sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $31.08, for a total transaction of $42,486.36. Following the sale, the executive now directly owns 39,834 shares of the company’s stock, valued at $1,238,040.72. The trade was a 3.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the transaction, the chief executive officer now directly owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,688,321 shares of company stock valued at $52,160,120 over the last ninety days. 13.32% of the stock is owned by insiders.

Toast Trading Down 0.3 %

Shares of TOST stock opened at $38.01 on Friday. Toast, Inc. has a 12-month low of $14.45 and a 12-month high of $44.12. The stock’s 50-day moving average price is $34.11 and its 200-day moving average price is $28.13. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of -292.38, a price-to-earnings-growth ratio of 54.06 and a beta of 1.93.

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.