Christopher L. Schremser Sells 8,623 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $40.17, for a total transaction of $346,385.91. Following the completion of the sale, the chief technology officer now owns 438,044 shares in the company, valued at approximately $17,596,227.48. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Waystar Stock Down 0.8%

NASDAQ:WAY traded down $0.33 during mid-day trading on Thursday, reaching $39.18. The company's stock had a trading volume of 4,504,862 shares, compared to its average volume of 1,412,125. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The stock has a fifty day moving average of $37.52 and a 200-day moving average of $36.72. The firm has a market capitalization of $6.78 billion and a PE ratio of 435.44. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. Waystar's revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial set a $50.00 price target on Waystar and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Barclays lowered their price target on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group assumed coverage on Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Canaccord Genuity Group lowered their price target on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group raised their price target on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Waystar has an average rating of "Buy" and an average target price of $40.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WAY. Barclays PLC increased its holdings in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after buying an additional 56,834 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Waystar in the 4th quarter valued at $1,504,000. Perpetual Ltd purchased a new stake in shares of Waystar in the 4th quarter valued at $558,000. M&T Bank Corp boosted its holdings in shares of Waystar by 16.7% in the 4th quarter. M&T Bank Corp now owns 74,390 shares of the company's stock valued at $2,730,000 after acquiring an additional 10,644 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Waystar by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,710 shares of the company's stock valued at $13,862,000 after acquiring an additional 11,117 shares during the last quarter.

Waystar Company Profile

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