Iron Triangle Partners LP acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 551,893 shares of the company's stock, valued at approximately $20,254,000. Waystar comprises approximately 2.2% of Iron Triangle Partners LP's holdings, making the stock its 21st largest holding. Iron Triangle Partners LP owned 0.32% of Waystar at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in Waystar in the fourth quarter valued at $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar in the 4th quarter valued at about $48,000. Gen Wealth Partners Inc acquired a new stake in shares of Waystar in the 4th quarter valued at about $92,000. RiverPark Advisors LLC grew its stake in Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after buying an additional 710 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in Waystar during the fourth quarter worth approximately $237,000.
Waystar Stock Down 0.9%
NASDAQ:WAY traded down $0.37 on Wednesday, hitting $38.75. 486,152 shares of the company's stock traded hands, compared to its average volume of 1,391,626. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.70 billion and a PE ratio of 431.44. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The firm has a 50-day moving average price of $37.47 and a 200-day moving average price of $36.70.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company's revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Insider Activity at Waystar
In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. The trade was a 7.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the sale, the director now owns 22,327,728 shares of the company's stock, valued at $861,850,300.80. The trade was a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,420,084 shares of company stock valued at $529,090,381 in the last ninety days.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on WAY shares. Truist Financial set a $50.00 price target on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Barclays dropped 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. Canaccord Genuity Group decreased their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective for the company. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waystar has a consensus rating of "Buy" and an average price target of $40.50.
Check Out Our Latest Report on Waystar
Waystar Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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