Sun Sep 15 11:15:10 UTC 2024: ## Institutional Investors Show Growing Interest in Toast, Inc.

**New York, NY – September 15, 2024** – Toast, Inc. (NYSE:TOST) saw a significant increase in institutional investor interest during the second quarter, with Daiwa Securities Group Inc. boosting its position in the company by 44.6%. The fund now owns 48,972 shares of TOST, representing a total holding value of $1,262,000.

This trend of growing investment in Toast was echoed by other institutional investors. M&T Bank Corp raised its stake by 8.0%, Charles Schwab Investment Management Inc. increased its holding by 7.0%, and Envestnet Portfolio Solutions Inc. saw a 5.9% increase in its stake. Notably, Robeco Institutional Asset Management B.V. significantly raised its holding by 8,092.0%, now owning 69,386 shares valued at $1,267,000.

While institutional interest in Toast continues to climb, insider trading activity shows a different story. President Stephen Fredette and Director Christopher P. Comparato both sold shares of TOST in recent months. This insider selling activity totaled 731,612 shares, worth $18,129,920.

Despite the insider selling, Toast remains a popular choice for investors. The company’s stock closed at $26.19 on Friday, exceeding its 50-day and 200-day simple moving averages.

Toast, Inc. is a leading provider of cloud-based digital technology solutions for the restaurant industry. The company’s software products and hardware solutions help restaurants streamline operations, manage finances, and engage with customers.

While Toast exceeded analysts’ expectations in its recent earnings report, analysts are predicting a -0.1 EPS for the current year. However, with continued growth in revenue and increasing institutional investment, Toast remains a company worth watching in the restaurant technology sector.

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