Hamilton Lane Advisors LLC Has $14.17 Million Holdings in Toast, Inc. (NYSE:TOST)

Hamilton Lane Advisors LLC reduced its stake in shares of Toast, Inc. (NYSE:TOST) by 48.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 388,683 shares of the company’s stock after selling 368,682 shares during the period. Toast makes up approximately 13.7% of Hamilton Lane Advisors LLC’s holdings, making the stock its 3rd biggest holding. Hamilton Lane Advisors LLC owned 0.08% of Toast worth $14,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of Toast during the third quarter worth about $28,000. Raleigh Capital Management Inc. lifted its stake in Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Toast by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock worth $58,000 after acquiring an additional 496 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Toast during the 3rd quarter worth approximately $59,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Toast in the third quarter valued at approximately $65,000. Institutional investors own 82.91% of the company’s stock.

Insider Activity

In other news, Director Christopher P. Comparato sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total value of $5,225,800.00. Following the completion of the transaction, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. The trade was a 44.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 300,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $30.39, for a total transaction of $9,117,000.00. Following the sale, the general counsel now owns 177,836 shares in the company, valued at $5,404,436.04. This represents a 62.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 943,848 shares of company stock worth $33,409,434. 13.32% of the stock is currently owned by company insiders.

Toast Price Performance

Shares of NYSE:TOST opened at $36.52 on Thursday. The business’s 50 day simple moving average is $38.82 and its 200 day simple moving average is $30.82. Toast, Inc. has a 1 year low of $16.13 and a 1 year high of $44.12.

Analyst Upgrades and Downgrades

Several brokerages have commented on TOST. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Piper Sandler increased their price target on Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Stephens raised their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Wedbush upped their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toast has an average rating of “Hold” and a consensus price target of $35.05.

Toast Company 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.