Waystar Holding Corp. (NASDAQ:WAY) Insider Sells $359,944.20 in Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric L. (Ric) Sinclair III sold 9,702 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $37.10, for a total transaction of $359,944.20. Following the completion of the transaction, the insider directly owned 490,870 shares of the company's stock, valued at approximately $18,211,277. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Waystar Price Performance

Shares of NASDAQ:WAY traded down $0.98 on Friday, reaching $36.00. The company's stock had a trading volume of 643,875 shares, compared to its average volume of 1,853,344. The company has a 50-day simple moving average of $38.75 and a 200 day simple moving average of $38.90. The company has a market cap of $6.27 billion and a P/E ratio of 400.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. Waystar Holding Corp. has a 52-week low of $20.74 and a 52-week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The firm had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. Waystar's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Institutional Trading of Waystar

Several hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Waystar in the 2nd quarter valued at approximately $33,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the fourth quarter valued at approximately $48,000. State of Wyoming purchased a new position in Waystar in the first quarter valued at $54,000. Quarry LP acquired a new position in Waystar in the 1st quarter valued at about $60,000. Finally, Gen Wealth Partners Inc acquired a new position in shares of Waystar in the 4th quarter worth approximately $92,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays reduced their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Citigroup began coverage on shares of Waystar in a research report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target for the company. Truist Financial lifted their price target on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Canaccord Genuity Group decreased their price target on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Mizuho began coverage on shares of Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $42.31.

Waystar Company Profile

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