Waystar (NASDAQ:WAY) CEO Sells $487,424.00 in Stock

Key Points

• Matthew Hawkins, CEO of Waystar, sold $487,424 worth of stock, reducing his ownership by 1.75% to 717,474 shares.
• Waystar's most recent quarterly earnings exceeded expectations with a 15.4% year-over-year revenue increase, reporting $270.65 million in revenue.
• Analysts have mixed views on Waystar, with price targets ranging up to $51.00 and a current consensus rating of "Buy".

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 12,800 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total transaction of $487,424.00. Following the completion of the sale, the chief executive officer owned 717,474 shares of the company's stock, valued at $27,321,409.92. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Waystar Price Performance

WAY traded down $0.87 during midday trading on Wednesday, hitting $36.90. The company had a trading volume of 674,661 shares, compared to its average volume of 2,071,457. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market capitalization of $6.43 billion, a PE ratio of 76.86, a P/E/G ratio of 0.69 and a beta of 0.78. Waystar Holding Corp. has a twelve month low of $26.56 and a twelve month high of $48.11. The firm's 50-day simple moving average is $36.79 and its 200-day simple moving average is $37.73.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company had revenue of $270.65 million during the quarter, compared to analysts' expectations of $255.26 million. During the same quarter in the previous year, the company earned $0.04 EPS. Waystar's revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WAY shares. JMP Securities started coverage on Waystar in a research note on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price target on the stock. Citizens Jmp initiated coverage on shares of Waystar in a research note on Thursday, September 18th. They set a "mkt outperform" rating and a $48.00 price objective on the stock. Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial lifted their price objective on shares of Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Baird R W raised shares of Waystar to a "strong-buy" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $45.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock valued at $901,000 after buying an additional 960 shares during the last quarter. Two Sigma Investments LP increased its position in Waystar by 652.1% during the 4th quarter. Two Sigma Investments LP now owns 150,186 shares of the company's stock valued at $5,512,000 after purchasing an additional 130,218 shares during the period. Two Sigma Advisers LP acquired a new stake in Waystar during the 4th quarter valued at approximately $517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Waystar during the 4th quarter valued at approximately $1,309,000. Finally, California State Teachers Retirement System increased its position in Waystar by 1,137.8% during the 4th quarter. California State Teachers Retirement System now owns 39,066 shares of the company's stock valued at $1,434,000 after purchasing an additional 35,910 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.

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.