Values First Advisors Inc. Has $1.01 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Values First Advisors Inc. trimmed its position in Toast, Inc. (NYSE:TOST) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,700 shares of the company’s stock after selling 5,806 shares during the quarter. Values First Advisors Inc.’s holdings in Toast were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. bought a new stake in Toast in the third quarter valued at about $438,301,000. FMR LLC grew its position in shares of Toast by 50.5% during the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after buying an additional 8,205,053 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Toast by 2,889.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company’s stock worth $108,427,000 after buying an additional 3,701,893 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Toast by 129,058.5% in 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 acquiring an additional 2,072,680 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Toast in the 4th quarter valued at approximately $60,878,000. 82.91% of the stock is owned by institutional investors.

Toast Trading Down 3.1 %

TOST opened at $40.12 on Wednesday. The business’s 50-day simple moving average is $38.32 and its 200 day simple moving average is $32.72. Toast, Inc. has a 52-week low of $18.47 and a 52-week high of $44.12.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TOST shares. Morgan Stanley boosted their price objective on shares of Toast from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective 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. BNP Paribas downgraded Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Compass Point initiated coverage on Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.09.

Insider Transactions at Toast

In related news, President Stephen Fredette sold 1,068 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the transaction, the president now directly owns 1,644,656 shares of the company’s stock, valued at approximately $65,177,717.28. The trade was a 0.06 % 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, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 362,449 shares of company stock worth $14,538,099 in the last 90 days. Corporate insiders own 13.32% of the company’s stock.

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.