2 weeks Ago By ABMN Staff
Makena Capital Management LLC acquired a new stake in Toast, Inc. ( NYSE:TOST – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 255,021 shares of the company’s stock, valued at approximately $6,572,000.
Makena Capital Management LLC owned about 0.06% of Toast at the end of the most recent quarter. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Meritage Group LP bought a new stake in shares of Toast during the 4th quarter valued at approximately $70,270,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Toast in the 1st quarter valued at about $5,078,000. Syon Capital LLC acquired a new stake in shares of Toast in the fourth quarter valued at about $377,000.
WoodTrust Financial Corp bought a new stake in Toast in the first quarter valued at approximately $754,000. Finally, QRG Capital Management Inc. raised its holdings in Toast by 39.
7% during the 2nd quarter. QRG Capital Management Inc. now owns 84,967 shares of the company’s stock worth $2,190,000 after purchasing an additional 24,164 shares during the last quarter.
82.91% of the stock is owned by institutional investors. Insider Activity In other Toast news, President Stephen Fredette sold 8,057 shares of the business’s stock in a transaction on Monday, September 23rd.
The stock was sold at an average price of $28.02, for a total value of $225,757.14.
Following the sale, the president now directly owns 2,152,442 shares of the company’s stock, valued at $60,311,424.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
In related news, CEO Aman Narang sold 6,355 shares of Toast stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total value of $162,942.
20. Following the completion of the sale, the chief executive officer now directly owns 1,131,043 shares in the company, valued at approximately $28,999,942.52.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, President Stephen Fredette sold 8,057 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $28.
02, for a total transaction of $225,757.14. Following the transaction, the president now owns 2,152,442 shares in the company, valued at approximately $60,311,424.
84. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 804,707 shares of company stock worth $20,382,344.
Insiders own 13.32% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Report on Toast Toast Trading Up 0.
8 % Shares of Toast stock opened at $27.32 on Friday. Toast, Inc.
has a 12 month low of $13.77 and a 12 month high of $28.19.
The firm has a market capitalization of $12.59 billion, a P/E ratio of -54.64 and a beta of 1.
75. The business has a fifty day simple moving average of $25.16 and a two-hundred day simple moving average of $24.
67. Toast ( NYSE:TOST – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.
02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04.
Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%.
The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion.
During the same period last year, the company posted ($0.19) EPS. Toast’s revenue was up 27.
0% on a year-over-year basis. Analysts predict that Toast, Inc. will post -0.
1 earnings per share for the current year. Toast Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. ( NYSE:TOST – Free Report ).
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