Insider Selling: Waystar (NASDAQ:WAY) Director Sells 4,295,139 Shares of Stock

Key Points

• Waystar Holding Corp. Director Paul Moskowitz sold 4,295,139 shares at an average price of $39.21, totaling approximately $168.4 million, which decreased his ownership in the company by 23.79%.
• The company's stock price increased by 0.6% during midday trading, reaching $38.25, with a significant trading volume of 3,861,592 shares.
• Analysts maintain a generally positive outlook on Waystar, with a weighted average price target around $44.67 and multiple ratings of "buy" or "strong buy" from various firms.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) Director Paul G. Moskowitz sold 4,295,139 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $39.21, for a total value of $168,412,400.19. Following the sale, the director directly owned 13,759,910 shares of the company's stock, valued at $539,526,071.10. This trade represents a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Waystar Stock Down 2.0%

Shares of WAY traded down $0.78 during midday trading on Friday, reaching $37.80. 23,165,252 shares of the stock were exchanged, compared to its average volume of 2,763,748. Waystar Holding Corp. has a 12-month low of $26.26 and a 12-month high of $48.11. The firm has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $37.75. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 78.75, a P/E/G ratio of 0.69 and a beta of 0.78.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The firm's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Research analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on WAY. Wall Street Zen lowered Waystar from a "buy" rating to a "hold" rating in a report on Saturday. JMP Securities started coverage on Waystar in a report on Thursday. They issued a "market outperform" rating and a $48.00 target price on the stock. Citigroup started coverage on Waystar in a report on Thursday. They issued an "outperform" rating on the stock. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Baird R W raised Waystar to a "strong-buy" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $45.14.

Institutional Trading of Waystar

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Waystar by 170.4% in the first quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock valued at $6,651,000 after purchasing an additional 112,179 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Waystar by 107.9% in the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock valued at $1,496,000 after purchasing an additional 20,780 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after purchasing an additional 1,241 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Waystar in the first quarter valued at about $212,000.

About Waystar

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