Bessemer Venture Partners Ix L Sells 546,190 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Rating) major shareholder Bessemer Venture Partners Ix L sold 546,190 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $18.50, for a total value of $10,104,515.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Bessemer Venture Partners Ix L also recently made the following trade(s):

  • On Monday, November 21st, Bessemer Venture Partners Ix L sold 416,931 shares of Toast stock. The shares were sold at an average price of $18.16, for a total value of $7,571,466.96.

Toast Price Performance

Shares of NYSE:TOST opened at $18.63 on Thursday. The company has a market cap of $9.54 billion, a P/E ratio of -25.52 and a beta of 1.96. Toast, Inc. has a 1 year low of $11.91 and a 1 year high of $44.34. The stock’s fifty day moving average price is $19.02 and its 200-day moving average price is $17.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Commonwealth Equity Services LLC lifted its holdings in shares of Toast by 37.4% during the first quarter. Commonwealth Equity Services LLC now owns 13,013 shares of the company’s stock valued at $282,000 after purchasing an additional 3,543 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Toast by 818.8% during the first quarter. Clearstead Advisors LLC now owns 55,153 shares of the company’s stock valued at $1,198,000 after purchasing an additional 49,150 shares in the last quarter. Stephens Inc. AR lifted its holdings in Toast by 5,063.8% in the first quarter. Stephens Inc. AR now owns 10,276 shares of the company’s stock valued at $223,000 after acquiring an additional 10,077 shares during the period. Stephens Investment Management Group LLC lifted its holdings in Toast by 63.2% in the first quarter. Stephens Investment Management Group LLC now owns 960,514 shares of the company’s stock valued at $20,872,000 after acquiring an additional 371,923 shares during the period. Finally, Bridgewater Advisors Inc. lifted its holdings in Toast by 6.8% in the first quarter. Bridgewater Advisors Inc. now owns 16,660 shares of the company’s stock valued at $362,000 after acquiring an additional 1,060 shares during the period. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Credit Suisse Group upped their price target on Toast to $21.50 in a research note on Wednesday, November 16th. Piper Sandler upped their price target on Toast from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, August 12th. The Goldman Sachs Group upped their price target on Toast to $23.00 in a research note on Monday, August 15th. UBS Group started coverage on Toast in a research note on Wednesday, September 14th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, KeyCorp boosted their target price on Toast from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.61.

About Toast

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Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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