Waystar (NASDAQ:WAY) CFO Sells $674,806.34 in Stock

Key Points

• Waystar CFO Steven Oreskovich sold 16,666 shares at an average price of $40.49, totaling approximately $674,806, reducing his ownership stake by 4.49% to 354,512 shares.
• Waystar's stock has fallen 5.4% following the CFO's sale, falling to $38.31, with the company trading at a market cap of $6.67 billion.
• Research analysts have generally rated Waystar favorably, with a consensus "Buy" rating and a price target averaging $44.67, following recent positive earnings reports that exceeded expectations.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $674,806.34. Following the transaction, the chief financial officer owned 354,512 shares in the company, valued at $14,354,190.88. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Waystar Trading Up 0.6%

NASDAQ WAY traded up $0.24 on Tuesday, hitting $38.25. The company's stock had a trading volume of 3,861,637 shares, compared to its average volume of 1,930,723. Waystar Holding Corp. has a 52-week low of $26.26 and a 52-week high of $48.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39. The company's 50-day simple moving average is $36.76 and its 200 day simple moving average is $37.84. The firm has a market cap of $6.66 billion, a P/E ratio of 79.69, a PEG ratio of 0.68 and a beta of 0.78.

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

Hedge Funds Weigh In On Waystar

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Waystar by 23.9% in the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company's stock worth $214,133,000 after purchasing an additional 1,011,940 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock worth $133,601,000 after purchasing an additional 3,186,869 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Waystar by 14.9% in the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company's stock worth $97,155,000 after purchasing an additional 309,119 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Waystar by 10.7% in the second quarter. Bank of America Corp DE now owns 2,087,680 shares of the company's stock worth $85,323,000 after purchasing an additional 201,262 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho assumed coverage on Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 target price for the company. Truist Financial lifted their target price on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Baird R W raised Waystar to a "strong-buy" rating in a report on Friday, September 5th. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target on the stock. Finally, Robert W. Baird initiated coverage on Waystar in a research note on Friday, September 5th. They issued an "outperform" rating and a $44.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, Waystar presently has an average rating of "Buy" and an average target price of $44.67.

About Waystar

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