Matthew J. Hawkins Sells 46,667 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew J. Hawkins sold 46,667 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $38.26, for a total transaction of $1,785,479.42. Following the completion of the sale, the chief executive officer directly owned 764,131 shares of the company's stock, valued at $29,235,652.06. The trade was a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Waystar Price Performance

Shares of WAY stock traded down $0.36 during midday trading on Friday, reaching $36.70. 1,073,463 shares of the company were exchanged, compared to its average volume of 1,415,016. Waystar Holding Corp. has a 12 month low of $20.74 and a 12 month high of $48.11. The company has a market cap of $6.39 billion and a P/E ratio of 407.82. The company's 50 day moving average price is $38.96 and its two-hundred day moving average price is $38.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12.

Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The business had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. The firm's revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

WAY has been the subject of several recent analyst reports. Mizuho initiated coverage on shares of Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 price objective for the company. Citigroup initiated coverage on shares of Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 price objective for the company. TD Cowen raised shares of Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Canaccord Genuity Group decreased their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Barclays decreased 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. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Waystar has a consensus rating of "Buy" and an average target price of $42.31.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WAY. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 3,099,211 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in Waystar by 2.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after acquiring an additional 79,944 shares during the last quarter. Norges Bank acquired a new stake in Waystar in the fourth quarter valued at approximately $119,387,000. Invesco Ltd. lifted its stake in Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock valued at $76,225,000 after acquiring an additional 2,018,125 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Waystar by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,142 shares of the company's stock valued at $73,791,000 after acquiring an additional 427,337 shares during the last quarter.

About Waystar

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