Toast, Inc. (NYSE:TOST) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in shares of Toast, Inc. (NYSE:TOST) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,342 shares of the company’s stock after purchasing an additional 5,184 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Toast were worth $2,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TOST. ValueAct Holdings L.P. purchased a new position in shares of Toast during the 3rd quarter valued at approximately $438,301,000. FMR LLC increased its holdings in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock valued at $692,172,000 after purchasing an additional 8,205,053 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Toast by 129,058.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after purchasing an additional 2,072,680 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Toast during the 4th quarter valued at approximately $60,878,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Toast by 1,475.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock valued at $24,091,000 after purchasing an additional 796,936 shares in the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Toast news, General Counsel Brian R. Elworthy sold 653 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly 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. In the last quarter, insiders have sold 254,641 shares of company stock valued at $8,937,776. 13.32% of the stock is currently owned by insiders.

Toast Trading Up 5.5 %

Shares of TOST stock opened at $34.41 on Monday. The company’s 50-day moving average price is $38.05 and its 200-day moving average price is $34.78. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of -3,437.06, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12.

Toast (NYSE:TOST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. As a group, equities research analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Compass Point assumed coverage on shares of Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price target on shares of Toast and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods boosted their price target on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.48.

Toast Company 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.