Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 7,100 Shares of Toast, Inc. (NYSE:TOST)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Toast, Inc. (NYSE:TOST) by 7.9% during the 4th quarter, Holdings Channel reports. The fund owned 96,800 shares of the company’s stock after purchasing an additional 7,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Toast were worth $3,528,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. ValueAct Holdings L.P. bought a new position in shares of Toast during the 3rd quarter valued at approximately $438,301,000. FMR LLC increased its position in shares of Toast by 50.5% during the third quarter. FMR LLC now owns 24,449,743 shares of the company’s stock worth $692,172,000 after acquiring an additional 8,205,053 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Toast by 129,058.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company’s stock valued at $75,466,000 after purchasing an additional 2,072,680 shares during the period. Perpetual Ltd purchased a new stake in shares of Toast in the 4th quarter worth $60,878,000. Finally, Worldquant Millennium Advisors LLC increased its position in Toast by 1,475.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company’s stock valued at $24,091,000 after purchasing an additional 796,936 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Price Performance

TOST stock opened at $36.13 on Wednesday. Toast, Inc. has a 12 month low of $21.02 and a 12 month high of $44.12. The company has a market cap of $17.02 billion, a price-to-earnings ratio of -3,609.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.98. The company has a fifty day moving average price of $38.53 and a 200 day moving average price of $33.77.

Toast (NYSE:TOST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. As a group, analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

TOST has been the topic of a number of analyst reports. Piper Sandler lifted 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. Oppenheimer initiated coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 target price on the stock. UBS Group boosted their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Finally, Compass Point assumed coverage on Toast in a research note on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.09.

Insider Transactions at Toast

In other news, Director Christopher P. Comparato sold 145,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now owns 182,451 shares in the company, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the completion of the transaction, the executive now directly owns 48,488 shares of the company’s stock, valued at approximately $1,921,579.44. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,779 shares of company stock worth $5,415,192. Company 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.