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 business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 764,131 shares in the company, valued at $29,235,652.06. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Waystar Price Performance

WAY traded down $0.38 during midday trading on Wednesday, hitting $37.59. The stock had a trading volume of 1,412,529 shares, compared to its average volume of 1,408,673. The company has a market cap of $6.50 billion and a P/E ratio of 417.71. The business has a fifty day moving average of $39.17 and a 200 day moving average of $38.91. 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 Holding Corp. has a 1 year low of $20.74 and a 1 year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company's quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of Waystar during the second quarter valued at approximately $33,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Waystar during the fourth quarter valued at approximately $48,000. State of Wyoming purchased a new stake in shares of Waystar during the first quarter valued at approximately $54,000. Quarry LP purchased a new stake in shares of Waystar during the first quarter valued at approximately $60,000. Finally, Gen Wealth Partners Inc purchased a new stake in shares of Waystar during the fourth quarter valued at approximately $92,000.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research reports. Truist Financial set a $50.00 price objective on Waystar and gave the company a "buy" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group lowered their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. TD Cowen upgraded Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, Mizuho initiated coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Twelve analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $42.23.

Waystar Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.