Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew J. Hawkins Sells 140,164 Shares

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew J. Hawkins sold 140,164 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $39.03, for a total transaction of $5,470,600.92. Following the completion of the sale, the chief executive officer now owns 764,131 shares of the company's stock, valued at $29,824,032.93. This trade represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Waystar Price Performance

Shares of NASDAQ WAY traded up $1.09 during trading on Friday, reaching $39.65. The company had a trading volume of 2,200,491 shares, compared to its average volume of 1,442,595. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The stock has a 50-day moving average price of $37.96 and a two-hundred day moving average price of $37.44. The stock has a market capitalization of $6.86 billion and a PE ratio of 440.56.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The company's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Waystar

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Waystar by 88.1% in the first quarter. Rhumbline Advisers now owns 113,177 shares of the company's stock valued at $4,228,000 after buying an additional 53,021 shares during the last quarter. Strs Ohio purchased a new stake in Waystar in the 1st quarter worth approximately $1,564,000. Intech Investment Management LLC raised its holdings in Waystar by 94.9% in the 1st quarter. Intech Investment Management LLC now owns 36,622 shares of the company's stock valued at $1,368,000 after acquiring an additional 17,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Waystar by 380.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,338 shares of the company's stock valued at $6,401,000 after acquiring an additional 135,661 shares during the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of Waystar during the 1st quarter worth $11,208,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WAY shares. Canaccord Genuity Group dropped their target price 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. 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. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Barclays decreased their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Jefferies Financial Group began coverage on Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $40.50.

Waystar Company Profile

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