Amalgamated Bank Sells 365 Shares of Toast, Inc. (NYSE:TOST)

Amalgamated Bank trimmed its holdings in shares of Toast, Inc. (NYSE:TOST) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in shares of Toast by 10.2% during the 3rd quarter. QRG Capital Management Inc. now owns 93,664 shares of the company’s stock worth $2,652,000 after purchasing an additional 8,697 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Toast by 67.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 240,233 shares of the company’s stock worth $6,801,000 after purchasing an additional 96,723 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its stake in Toast by 1.3% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 234,185 shares of the company’s stock worth $6,630,000 after purchasing an additional 3,106 shares during the last quarter. GFS Advisors LLC lifted its position in Toast by 49,900.0% during the third quarter. GFS Advisors LLC now owns 10,000 shares of the company’s stock worth $283,000 after buying an additional 9,980 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Toast by 29.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 103,110 shares of the company’s stock valued at $2,919,000 after buying an additional 23,345 shares during the period. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TOST shares. The Goldman Sachs Group boosted their target price on Toast from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Bank of America upped their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Wells Fargo & Company upped their price objective on Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. DA Davidson raised their price objective on shares of Toast from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.75.

Toast Stock Performance

Toast stock opened at $40.36 on Friday. The company has a market cap of $19.01 billion, a price-to-earnings ratio of -310.46 and a beta of 1.74. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $40.65. The firm has a 50 day moving average price of $29.08 and a 200 day moving average price of $26.32.

Insider Activity

In related news, CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $42,486.36. Following the transaction, the executive now owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 3.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aman Narang sold 10,106 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total value of $280,643.62. Following the sale, the chief executive officer now owns 968,095 shares in the company, valued at approximately $26,883,998.15. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,575,651 shares of company stock valued at $45,472,212 in the last ninety days. Company insiders own 13.32% of the company’s stock.

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.