Matthew J. Hawkins Sells 197,847 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew J. Hawkins sold 197,847 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $7,623,044.91. Following the sale, the chief executive officer now directly owns 764,131 shares in the company, valued at $29,441,967.43. This represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Waystar Stock Performance

NASDAQ:WAY traded up $1.09 during trading hours on Friday, reaching $39.65. 2,200,491 shares of the company's stock were exchanged, 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 quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The firm has a market capitalization 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 announced its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays cut their price target on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. 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 boosted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group assumed coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Waystar presently has a consensus rating of "Buy" and an average price target of $40.50.

Institutional Trading of Waystar

A number of hedge funds have recently added to or reduced their stakes in WAY. PNC Financial Services Group Inc. raised its stake in shares of Waystar by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 14,687 shares of the company's stock worth $549,000 after purchasing an additional 304 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Waystar in the 4th quarter valued at $25,000. RiverPark Advisors LLC increased its stake in Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after buying an additional 710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock worth $901,000 after buying an additional 960 shares during the last quarter. Finally, Legato Capital Management LLC lifted its stake in shares of Waystar by 8.4% in the 1st quarter. Legato Capital Management LLC now owns 12,398 shares of the company's stock worth $463,000 after acquiring an additional 960 shares during the period.

About Waystar

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