Summit Trail Advisors LLC Purchases 558 Shares of Toast, Inc. (NYSE:TOST)

Summit Trail Advisors LLC lifted its position in shares of Toast, Inc. (NYSE:TOST) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 52,184 shares of the company’s stock after buying an additional 558 shares during the quarter. Summit Trail Advisors LLC’s holdings in Toast were worth $1,477,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its holdings in shares of Toast by 188.2% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $122,000 after acquiring an additional 3,200 shares during the period. Advisors Asset Management Inc. grew its holdings in Toast by 38.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,086 shares of the company’s stock valued at $102,000 after buying an additional 1,130 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Toast during the first quarter valued at about $27,000. Epoch Investment Partners Inc. purchased a new stake in shares of Toast in the first quarter worth about $633,000. Finally, Silvercrest Asset Management Group LLC grew its stake in Toast by 40.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 38,500 shares of the company’s stock valued at $959,000 after acquiring an additional 11,061 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Toast Stock Performance

Shares of TOST opened at $42.74 on Monday. Toast, Inc. has a fifty-two week low of $13.92 and a fifty-two week high of $43.29. The company’s fifty day moving average is $31.45 and its 200 day moving average is $27.20.

Insiders Place Their Bets

In other news, CRO Jonathan Vassil sold 1,367 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the sale, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. This trade represents a 3.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the transaction, the chief executive officer now directly owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,498,536 shares of company stock valued at $43,997,467 over the last ninety days. 13.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TOST has been the topic of several recent analyst reports. Piper Sandler raised their price target on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Morgan Stanley upped their target price on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average price target of $33.86.

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.