Toast, Inc. (NYSE:TOST) Shares Sold by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC cut its position in Toast, Inc. (NYSE:TOST) by 48.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 388,683 shares of the company’s stock after selling 368,682 shares during the quarter. Toast accounts for about 13.7% of Hamilton Lane Advisors LLC’s holdings, making the stock its 3rd biggest holding. Hamilton Lane Advisors LLC’s holdings in Toast were worth $14,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TOST. Toth Financial Advisory Corp acquired a new position in shares of Toast during the third quarter worth $28,000. Raleigh Capital Management Inc. raised its position in Toast by 93.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 720 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after buying an additional 496 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Toast in the 3rd quarter valued at about $59,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Toast in the third quarter valued at about $65,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wedbush lifted their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price target on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $38.00 price objective (down from $44.00) on shares of Toast in a research note on Thursday, December 5th. BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Wednesday, November 20th. Finally, Stephens boosted their target price on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.05.

Insiders Place Their Bets

In other Toast news, General Counsel Brian R. Elworthy sold 300,000 shares of Toast stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the transaction, the general counsel now owns 177,836 shares of the company’s stock, valued at $5,404,436.04. This trade represents a 62.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. The trade was a 44.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 943,848 shares of company stock valued at $33,409,434 in the last three months. 13.32% of the stock is currently owned by insiders.

Toast Stock Up 0.8 %

Shares of NYSE:TOST opened at $36.52 on Thursday. The business’s 50 day moving average is $38.82 and its 200 day moving average is $30.82. Toast, Inc. has a 12-month low of $16.13 and a 12-month high of $44.12.

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.