Insider Selling: Waystar (NASDAQ:WAY) Insider Sells 9,701 Shares of Stock

Key Points

• Waystar Holding Corp. insider Eric Sinclair III sold 9,701 shares of stock on October 20 for a total value of approximately $358,354, resulting in a 2.00% decrease in his ownership stake.
• The company's shares rose by 1.5% to reach $37.52, with a current market cap of $6.54 billion and a PE ratio of 78.17.
• Waystar reported a 15.4% year-over-year revenue increase for the last quarter, totaling $270.65 million, and set FY 2025 earnings guidance at $1.360-1.400 EPS.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric (Ric) Sinclair III sold 9,701 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $36.94, for a total value of $358,354.94. Following the completion of the sale, the insider directly owned 474,826 shares of the company's stock, valued at approximately $17,540,072.44. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Waystar Stock Up 1.5%

Shares of NASDAQ WAY traded up $0.56 during mid-day trading on Tuesday, reaching $37.52. 1,565,943 shares of the company traded hands, compared to its average volume of 2,116,189. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market cap of $6.54 billion, a PE ratio of 78.17, a price-to-earnings-growth ratio of 0.67 and a beta of 0.69. The company's fifty day moving average is $37.35 and its two-hundred day moving average is $37.76. Waystar Holding Corp. has a fifty-two week low of $26.95 and a fifty-two week high of $48.11.

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

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new position in Waystar in the first quarter worth approximately $212,000. Westwind Capital bought a new stake in shares of Waystar in the 1st quarter valued at about $15,506,000. KBC Group NV purchased a new stake in shares of Waystar in the 1st quarter valued at $109,000. Amalgamated Bank raised its position in Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after acquiring an additional 1,241 shares during the period. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Waystar in the first quarter valued at about $480,000.

Analyst Ratings Changes

A number of analysts have recently commented on WAY shares. Citigroup started coverage on Waystar in a report on Thursday, September 18th. They issued an "outperform" rating on the stock. Baird R W raised Waystar to a "strong-buy" rating in a research report on Friday, September 5th. Truist Financial upped their target price on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Waystar in a research report on Wednesday, October 8th. Finally, JMP Securities initiated coverage on Waystar in a research report on Thursday, September 18th. They set a "market outperform" rating and a $48.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $45.50.

About Waystar

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

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