Harvest Fund Management Co. Ltd Sells 6,519 Shares of Toast, Inc. (NYSE:TOST)

Harvest Fund Management Co. Ltd lessened its holdings in Toast, Inc. (NYSE:TOST) by 42.8% during the third quarter, HoldingsChannel.com reports. The firm owned 8,722 shares of the company’s stock after selling 6,519 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Toast were worth $247,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. West Branch Capital LLC acquired a new stake in Toast in the 2nd quarter valued at $26,000. LRI Investments LLC acquired a new stake in shares of Toast in the first quarter valued at about $27,000. Toth Financial Advisory Corp bought a new stake in Toast during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast during the second quarter valued at approximately $33,000. Finally, 1620 Investment Advisors Inc. bought a new position in Toast in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Performance

Shares of NYSE:TOST opened at $43.22 on Wednesday. Toast, Inc. has a 12-month low of $14.00 and a 12-month high of $44.12. The company’s 50 day moving average price is $31.78 and its two-hundred day moving average price is $27.32.

Insider Buying and Selling

In other Toast news, 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 transaction, the chief executive officer now directly owns 968,095 shares of the company’s stock, valued at $26,883,998.15. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kent Bennett sold 22,885 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $41.96, for a total transaction of $960,254.60. Following the completion of the transaction, the director now owns 395,706 shares of the company’s stock, valued at $16,603,823.76. The trade was a 5.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,498,536 shares of company stock valued at $43,997,467 over the last 90 days. 13.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TOST has been the topic of a number of analyst reports. Bank of America upped their price objective on Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Wedbush upped their price target on shares of Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Compass Point assumed coverage on shares of Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Toast from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of Toast from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.86.

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.