Triumph Capital Management lessened its holdings in Toast, Inc. (NYSE:TOST – Free Report) by 88.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,335 shares of the company’s stock after selling 17,439 shares during the period. Triumph Capital Management’s holdings in Toast were worth $65,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. grew its holdings in Toast by 138.8% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company’s stock worth $7,807,000 after buying an additional 153,928 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Toast by 47.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 970,799 shares of the company’s stock valued at $27,008,000 after acquiring an additional 312,077 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Toast by 1,925.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 985,653 shares of the company’s stock worth $35,001,000 after acquiring an additional 936,987 shares during the last quarter. Lavelle Capital LP purchased a new position in Toast during the 1st quarter worth $1,458,000. Finally, Geode Capital Management LLC grew its stake in shares of Toast by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock worth $307,214,000 after acquiring an additional 169,230 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.
Insider Activity
In other news, CEO Aman Narang sold 124,542 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the completion of the sale, the chief executive officer owned 175,458 shares in the company, valued at $6,191,912.82. This trade represents a 41.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Elena Gomez sold 16,176 shares of Toast stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total transaction of $570,851.04. Following the completion of the sale, the chief financial officer directly owned 168,974 shares in the company, valued at $5,963,092.46. This trade represents a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 508,253 shares of company stock valued at $17,688,694 in the last three months. Company insiders own 10.03% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on TOST
Toast Stock Performance
Shares of NYSE:TOST opened at $33.86 on Friday. The company has a market capitalization of $17.40 billion, a P/E ratio of 43.41 and a beta of 1.72. The company’s 50-day moving average is $32.27 and its 200 day moving average is $28.50. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $42.62.
Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. As a group, research analysts predict that Toast, Inc. will post 1 earnings per share for the current year.
Toast Profile
Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.
Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.
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