Toast, Inc. (NYSE:TOST) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Toast, Inc. (NYSE:TOST) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,608 shares of the company’s stock after selling 365 shares during the quarter. Amalgamated Bank’s holdings in Toast were worth $838,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. West Branch Capital LLC acquired a new stake in Toast in the second quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in Toast in the first quarter valued at approximately $27,000. Toth Financial Advisory Corp acquired a new position in Toast during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toast in the 2nd quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Toast in the 2nd quarter valued at $34,000. 82.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 211,686 shares of Toast stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02. Following the completion of the transaction, the president now directly owns 2,638,023 shares of the company’s stock, valued at $62,178,202.11. The trade was a 7.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher P. Comparato sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the sale, the director now owns 120,107 shares of the company’s stock, valued at $2,924,605.45. This trade represents a 45.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,575,651 shares of company stock worth $45,472,212. 13.32% of the stock is owned by insiders.

Toast Stock Performance

NYSE:TOST opened at $40.36 on Friday. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $40.65. The company has a market cap of $19.01 billion, a PE ratio of -310.46 and a beta of 1.74. The stock has a 50-day simple moving average of $29.08 and a 200 day simple moving average of $26.32.

Analyst Ratings Changes

TOST has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. DA Davidson upped their target price on shares of Toast from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Royal Bank of Canada increased their price objective on Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Bank of America increased their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.75.

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.