Waystar Holding Corp. (NASDAQ:WAY) CMO Sells $143,310.00 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Waystar Price Performance

Shares of Waystar stock opened at $42.45 on Friday. 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’s 50 day moving average is $39.69 and its 200 day moving average is $32.50. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Waystar during the fourth quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar in the 4th quarter worth $48,000. Amalgamated Bank acquired a new stake in Waystar in the 3rd quarter valued at $41,000. Smithfield Trust Co bought a new stake in Waystar during the 3rd quarter valued at $68,000. Finally, Gen Wealth Partners Inc acquired a new position in Waystar during the fourth quarter worth $92,000.

Analysts Set New Price Targets

WAY has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Canaccord Genuity Group raised their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Evercore ISI raised their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays upped their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $40.36.

Waystar Company Profile

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