GSA Capital Partners LLP Buys 37,568 Shares of Toast, Inc. (NYSE:TOST)

GSA Capital Partners LLP raised its stake in Toast, Inc. (NYSE:TOST) by 126.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,188 shares of the company’s stock after purchasing an additional 37,568 shares during the period. GSA Capital Partners LLP’s holdings in Toast were worth $2,229,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Toast during the 1st quarter valued at about $34,000. Piscataqua Savings Bank grew its position in shares of Toast by 57.1% during the 1st quarter. Piscataqua Savings Bank now owns 1,100 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the period. West Branch Capital LLC grew its position in shares of Toast by 862.1% during the 1st quarter. West Branch Capital LLC now owns 1,116 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Toast by 29.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company’s stock worth $42,000 after buying an additional 284 shares during the period. Finally, Signaturefd LLC grew its holdings in Toast by 227.1% during the first quarter. Signaturefd LLC now owns 1,472 shares of the company’s stock valued at $49,000 after purchasing an additional 1,022 shares during the period. 82.91% of the stock is owned by institutional investors.

Toast Price Performance

NYSE TOST opened at $49.00 on Tuesday. Toast, Inc. has a 1 year low of $22.10 and a 1 year high of $49.56. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 213.04 and a beta of 2.00. The company has a fifty day moving average price of $43.87 and a 200-day moving average price of $39.37.

Wall Street Analysts Forecast Growth

TOST has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Toast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays reaffirmed an “overweight” rating on shares of Toast in a research report on Wednesday, July 16th. BMO Capital Markets lifted their price objective on shares of Toast from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 12th. Piper Sandler lifted their target price on Toast from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, DA Davidson lowered their price target on shares of Toast from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Twelve research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Insider Transactions at Toast

In other news, President Stephen Fredette sold 7,647 shares of the company’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $42.59, for a total value of $325,685.73. Following the completion of the sale, the president owned 889,017 shares in the company, valued at $37,863,234.03. This represents a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 6,592 shares of the company’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.59, for a total transaction of $280,753.28. Following the completion of the sale, the executive owned 61,791 shares of the company’s stock, valued at approximately $2,631,678.69. The trade was a 9.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 466,131 shares of company stock worth $20,048,851. 13.32% of the stock is owned by insiders.

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.