Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CTO Sells $346,385.91 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $40.17, for a total transaction of $346,385.91. Following the sale, the chief technology officer now directly owns 438,044 shares of the company’s stock, valued at $17,596,227.48. This represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Waystar Stock Performance

Shares of WAY stock opened at $39.50 on Thursday. The business’s fifty day simple moving average is $37.52 and its 200-day simple moving average is $36.72. The company has a market cap of $6.83 billion and a PE ratio of 438.89. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Waystar

A number of large investors have recently made changes to their positions in WAY. Global Retirement Partners LLC purchased a new stake in shares of Waystar during the fourth quarter valued at $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Waystar during the fourth quarter valued at $48,000. Gen Wealth Partners Inc purchased a new stake in shares of Waystar during the fourth quarter valued at $92,000. Amalgamated Bank grew its holdings in shares of Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock valued at $101,000 after buying an additional 1,241 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Waystar during the first quarter valued at $109,000.

Waystar Company Profile

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