Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CEO Sells 2,153 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew J. Hawkins sold 2,153 shares of Waystar stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $39.15, for a total transaction of $84,289.95. Following the completion of the sale, the chief executive officer now directly owns 76,413 shares of the company's stock, valued at approximately $2,991,568.95. The trade was a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Waystar Trading Up 2.8%

Shares of WAY stock traded up $1.09 during trading hours on Friday, reaching $39.65. The company had a trading volume of 2,200,492 shares, compared to its average volume of 1,442,595. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The firm has a market cap of $6.86 billion and a price-to-earnings ratio of 440.56. The company has a 50 day moving average of $37.96 and a 200 day moving average of $37.44.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The company's revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WAY. Truist Financial set a $50.00 price objective on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their target price on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. Barclays dropped their price objective on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group cut their price target on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $40.50.

Institutional Trading of Waystar

A number of hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after purchasing an additional 56,834 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Waystar by 64.9% in the 4th quarter. Deutsche Bank AG now owns 34,847 shares of the company's stock valued at $1,279,000 after buying an additional 13,715 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Waystar in the 4th quarter valued at $1,504,000. M&T Bank Corp increased its position in shares of Waystar by 16.7% in the 4th quarter. M&T Bank Corp now owns 74,390 shares of the company's stock valued at $2,730,000 after buying an additional 10,644 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Waystar by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,710 shares of the company's stock worth $13,862,000 after buying an additional 11,117 shares during the period.

Waystar Company Profile

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