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Toast, Inc. (NYSE:TOST - Get Rating) Director Mark J. Hawkins sold 52,790 shares of the firm's stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $20.82, for a total transaction of $1,099,087.80. Following the completion of the transaction, the director now directly owns 64,007 shares of the company's stock, valued at approximately $1,332,625.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Toast Stock Down 0.9 %

Shares of TOST stock traded down $0.19 during mid-day trading on Thursday, reaching $20.35. 6,087,207 shares of the company's stock traded hands, compared to its average volume of 5,436,763. Toast, Inc. has a 12 month low of $11.91 and a 12 month high of $69.93. The company has a market cap of $10.42 billion and a P/E ratio of -12.80. The company's 50-day moving average price is $17.45 and its 200-day moving average price is $17.24. Hedge Funds Weigh In On Toast

Several large investors have recently modified their holdings of the stock. Altimeter Capital Management LP grew its stake in shares of Toast by 3,508.4% during the 1st quarter. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at $3,933,007,000 after acquiring an additional 17,541,796 shares during the period. Lead Edge Capital Management LLC boosted its position in shares of Toast by 25,906.8% during the 4th quarter. Lead Edge Capital Management LLC now owns 13,003,407 shares of the company's stock valued at $406,226,000 after acquiring an additional 12,953,407 shares during the last quarter. Tiger Global Management LLC raised its holdings in Toast by 181.6% during the 1st quarter. Tiger Global Management LLC now owns 12,672,463 shares of the company's stock valued at $275,373,000 after buying an additional 8,172,463 shares during the period. Capital International Investors raised its holdings in Toast by 992.9% during the 4th quarter. Capital International Investors now owns 7,950,799 shares of the company's stock valued at $275,972,000 after buying an additional 7,223,299 shares during the period. Finally, D1 Capital Partners L.P. purchased a new stake in Toast during the 4th quarter valued at $221,555,000. Hedge funds and other institutional investors own 45.65% of the company's stock. Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TOST shares. The Goldman Sachs Group raised their target price on shares of Toast to $23.00 in a research note on Monday, August 15th. Mizuho raised their target price on shares of Toast from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, August 15th. Credit Suisse Group lifted their price target on shares of Toast from $18.00 to $20.50 and gave the company a "neutral" rating in a report on Friday, August 12th. KeyCorp lifted their price target on shares of Toast from $18.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 12th. Finally, Wells Fargo & Company reduced their target price on shares of Toast from $27.00 to $23.00 and set an "overweight" rating on the stock in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $29.59.About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.Read MoreGet a free copy of the StockNews.com research report on Toast (TOST)Why Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 2 Reasons Netflix Might Have Just Bottomed OutMurphy USA Outperforming Other Mid-caps, But Is It A Buy Now?

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