Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CEO Sells 46,667 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew J. Hawkins sold 46,667 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $1,696,812.12. Following the sale, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $18,180,000. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Waystar Trading Down 1.9 %

Shares of WAY traded down $0.69 during midday trading on Monday, reaching $36.58. The stock had a trading volume of 1,088,318 shares, compared to its average volume of 2,042,313. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average price is $39.51 and its 200-day moving average price is $35.14. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. On average, equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Institutional Trading of Waystar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in shares of Waystar during the 4th quarter worth $25,000. RiverPark Advisors LLC boosted its position in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after purchasing an additional 710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after purchasing an additional 960 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Waystar by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after buying an additional 964 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar during the fourth quarter valued at about $48,000.

Wall Street Analyst Weigh In

WAY has been the topic of a number of research reports. Bank of America increased their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price for the company. Barclays cut their price target on Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Truist Financial assumed coverage on Waystar in a research note on Friday, March 14th. They set a “buy” rating and a $45.00 price objective for the company. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $40.33.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.