Pathstone Holdings LLC Sells 1,199 Shares of Toast, Inc. (NYSE:TOST)

Pathstone Holdings LLC lessened its stake in shares of Toast, Inc. (NYSE:TOST) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 77,401 shares of the company’s stock after selling 1,199 shares during the period. Pathstone Holdings LLC’s holdings in Toast were worth $2,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC bought a new position in shares of Toast during the 1st quarter worth about $27,000. West Branch Capital LLC bought a new position in Toast in the 2nd quarter valued at about $26,000. Toth Financial Advisory Corp bought a new position in Toast in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toast in the 2nd quarter valued at about $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in Toast in the 2nd quarter valued at about $34,000. Institutional investors own 82.91% of the company’s stock.

Insider Activity at Toast

In related news, President Stephen Fredette sold 101,574 shares of Toast stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $25.73, for a total value of $2,613,499.02. Following the completion of the transaction, the president now directly owns 2,395,685 shares in the company, valued at approximately $61,640,975.05. The trade was a 4.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian R. Elworthy sold 2,878 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 $79,922.06. Following the completion of the transaction, the general counsel now owns 177,836 shares of the company’s stock, valued at $4,938,505.72. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,498,536 shares of company stock worth $43,997,467. Corporate insiders own 13.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush raised their price target on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Stephens increased their price objective on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Toast currently has an average rating of “Hold” and a consensus price target of $33.86.

Toast Stock Up 0.5 %

Shares of TOST stock opened at $43.22 on Wednesday. Toast, Inc. has a 12-month low of $14.00 and a 12-month high of $44.12. The firm has a market cap of $20.36 billion, a P/E ratio of -330.77, a PEG ratio of 54.47 and a beta of 1.74. The company has a 50 day moving average of $31.78 and a 200-day moving average of $27.32.

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.