Granahan Investment Management Reduces Toast Stake

Institutional investor sells over 374,000 shares of Toast, Inc.

Mar. 16, 2026 at 10:38am

Got story updates? Submit your updates here. ›

Granahan Investment Management LLC, an institutional investor, has lowered its stake in Toast, Inc. (NYSE:TOST) by 23.2% during the third quarter. The firm now owns 1,237,612 shares of the company's stock, down from 1,612,221 shares previously.

Why it matters

Toast is a leading provider of cloud-based point-of-sale systems and software for the restaurant industry. Institutional investors' trading activity in Toast shares can provide insights into market sentiment and the company's performance.

The details

According to a 13F filing with the SEC, Granahan Investment Management sold 374,609 shares of Toast during the third quarter. The firm now owns a 0.24% stake in Toast, worth approximately $45.2 million as of the most recent filing.

  • Granahan Investment Management lowered its Toast stake during the 3rd quarter of 2026.

The players

Granahan Investment Management LLC

An institutional investment firm that has reduced its stake in Toast, Inc.

Toast, Inc.

A technology company that provides cloud-based point-of-sale systems and software for the restaurant industry.

Got photos? Submit your photos here. ›

The takeaway

Granahan Investment Management's reduction in its Toast position suggests potential concerns about the company's near-term outlook or valuation. However, Toast remains a well-regarded player in the restaurant technology space, and institutional investors' trading activity is just one factor to consider when evaluating the company's prospects.