Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CTO Sells 8,623 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $40.58, for a total value of $349,921.34. Following the completion of the transaction, the chief technology officer now owns 438,044 shares of the company's stock, valued at $17,775,825.52. The trade was a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Waystar Stock Performance

WAY traded down $0.49 during trading on Thursday, hitting $40.02. The stock had a trading volume of 567,895 shares, compared to its average volume of 1,371,236. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The firm has a market capitalization of $6.92 billion and a P/E ratio of 444.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The company's 50-day moving average price is $38.46 and its 200 day moving average price is $38.03.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting 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 quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Institutional Trading of Waystar

Several hedge funds have recently modified their holdings of WAY. Global Retirement Partners LLC purchased a new position in Waystar in the fourth quarter worth $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar in the fourth quarter valued at about $48,000. State of Wyoming acquired a new stake in shares of Waystar in the first quarter valued at about $54,000. Quarry LP purchased a new stake in Waystar during the first quarter worth about $60,000. Finally, Gen Wealth Partners Inc purchased a new position in Waystar in the fourth quarter valued at about $92,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WAY. Truist Financial set a $50.00 price objective on Waystar and gave the company a "buy" rating in a report on Wednesday, May 7th. Canaccord Genuity Group cut their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Barclays cut their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lifted 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 two have issued a strong buy rating to the company. According to MarketBeat.com, Waystar currently has a consensus rating of "Buy" and an average target price of $40.50.

Waystar Company Profile

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