Matthew Hawkins Sells 60,038 Shares of Waystar (NASDAQ:WAY) Stock

Key Points

• CEO Matthew Hawkins sold 60,038 Waystar shares at an average price of $25.01, generating approximately $1.50 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.84 million shares.
• Waystar reported stronger-than-expected quarterly results, with adjusted EPS of $0.43 versus $0.40 expected and revenue of $319.67 million. Revenue increased 18.1% year over year.
• Shares recently traded near $25, while analysts maintain a generally positive outlook: Waystar has a “Moderate Buy” consensus rating and an average price target of $35.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 60,038 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $25.01, for a total value of $1,501,550.38. Following the transaction, the chief executive officer owned 1,835,081 shares of the company's stock, valued at approximately $45,895,375.81. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Performance

Shares of WAY traded up $0.54 during trading hours on Thursday, reaching $25.08. 2,301,045 shares of the company's stock traded hands, compared to its average volume of 2,704,600. The business's fifty day simple moving average is $21.42 and its two-hundred day simple moving average is $22.80. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 0.95 and a beta of 0.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The company had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. Waystar had a net margin of 11.18% and a return on equity of 7.03%. Waystar's revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Analysts predict that Waystar Holding Corp. will post 1.47 earnings per share for the current year.

Institutional Trading of Waystar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAY. Royal Bank of Canada raised its stake in Waystar by 11.3% during the first quarter. Royal Bank of Canada now owns 21,609 shares of the company's stock worth $808,000 after acquiring an additional 2,195 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Waystar during the first quarter worth approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Waystar by 91.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company's stock valued at $1,753,000 after purchasing an additional 22,364 shares during the period. NewEdge Advisors LLC bought a new position in Waystar during the first quarter worth about $234,000. Finally, Goldman Sachs Group Inc. grew its holdings in Waystar by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company's stock valued at $27,918,000 after purchasing an additional 88,256 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WAY. JPMorgan Chase & Co. dropped their price target on Waystar from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. KeyCorp reaffirmed an "overweight" rating on shares of Waystar in a research report on Friday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price target on shares of Waystar in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a research note on Sunday, May 24th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $32.00 target price on shares of Waystar in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Waystar presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Waystar Company Profile

Waystar NASDAQ: WAY is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company's unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar's offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.

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