Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew J. Hawkins Sells 46,667 Shares

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew J. Hawkins sold 46,667 shares of Waystar stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $36.36, for a total value of $1,696,812.12. Following the sale, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at $18,180,000. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Waystar Price Performance

Shares of Waystar stock opened at $36.93 on Wednesday. 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 $39.32 and its 200 day moving average is $35.21. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.

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

Analysts Set New Price Targets

WAY has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America boosted their price target on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group began coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $40.33.

Institutional Trading of Waystar

A number of hedge funds have recently made changes to their positions in WAY. Global Retirement Partners LLC bought a new position in Waystar in the 4th quarter valued at approximately $25,000. RiverPark Advisors LLC raised its stake in shares of Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after acquiring an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Waystar by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after purchasing an additional 960 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Waystar by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after purchasing an additional 964 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the fourth quarter valued at $48,000.

About Waystar

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