Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CMO Sells $133,246.00 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $39.19, for a total transaction of $133,246.00. Following the transaction, the chief marketing officer now owns 198,556 shares in the company, valued at approximately $7,781,409.64. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Waystar Price Performance

Waystar stock opened at $39.34 on Monday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The business has a fifty day moving average of $37.64 and a two-hundred day moving average of $36.99. The company has a market cap of $6.81 billion and a P/E ratio of 437.11.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. Waystar’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Jefferies Financial Group started coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Canaccord Genuity Group lowered their price objective on shares of Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Barclays lowered their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $40.50.

Institutional Investors Weigh In On Waystar

A number of hedge funds and other institutional investors have recently bought and sold shares of WAY. Barclays PLC lifted its holdings in Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after acquiring an additional 56,834 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in Waystar in the fourth quarter valued at $1,905,000. Perpetual Ltd acquired a new position in shares of Waystar during the 4th quarter worth $558,000. Dakota Wealth Management acquired a new position in shares of Waystar during the 4th quarter worth $264,000. Finally, Entropy Technologies LP acquired a new position in shares of Waystar during the 4th quarter worth $289,000.

About Waystar

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