Kampmann Melissa S. Has $1.81 Million Stock Holdings in Toast, Inc. (NYSE:TOST)

Kampmann Melissa S. cut its stake in shares of Toast, Inc. (NYSE:TOST) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,770 shares of the company’s stock after selling 6,350 shares during the period. Kampmann Melissa S.’s holdings in Toast were worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares during the period. EverSource Wealth Advisors LLC raised its position in Toast by 11.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock valued at $125,000 after buying an additional 358 shares during the period. Mirador Capital Partners LP raised its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after buying an additional 360 shares during the period. Blue Trust Inc. raised its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Toast by 19.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock valued at $89,000 after buying an additional 402 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Stock Performance

TOST opened at $35.09 on Thursday. The company has a market cap of $17.33 billion, a PE ratio of -3,505.39, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The stock has a 50-day moving average of $37.90 and a 200-day moving average of $34.91. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

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

Insider Activity at Toast

In related news, General Counsel Brian R. Elworthy sold 653 shares of the 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 $25,878.39. Following the completion of the sale, the general counsel now owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elena Gomez sold 2,052 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $81,320.76. Following the sale, the chief financial officer now owns 160,498 shares of the company’s stock, valued at approximately $6,360,535.74. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,714 shares of company stock worth $5,360,943 in the last 90 days. 13.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on Toast from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Royal Bank of Canada upped their price target on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Robert W. Baird upped their price target on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. DA Davidson reissued a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. Finally, Compass Point initiated coverage on Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.48.

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.