Waystar Holding Corp. (NASDAQ:WAY) Director Sells $112,628,139.67 in Stock

Waystar Holding Corp. (NASDAQ:WAY) Director Paul G. Moskowitz sold 3,012,253 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $37.39, for a total value of $112,628,139.67. Following the completion of the transaction, the director now directly owns 18,742,283 shares in the company, valued at $700,773,961.37. This trade represents a 13.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Trading Down 0.9%

NASDAQ WAY opened at $39.30 on Thursday. The company has a market capitalization of $6.80 billion and a price-to-earnings ratio of 436.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The company’s fifty day moving average price is $37.84 and its two-hundred day moving average price is $37.10.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WAY. Global Retirement Partners LLC acquired a new stake in shares of Waystar during the 4th quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar during the fourth quarter valued at $48,000. State of Wyoming acquired a new stake in shares of Waystar during the first quarter worth $54,000. Quarry LP bought a new position in shares of Waystar in the 1st quarter worth about $60,000. Finally, Gen Wealth Partners Inc bought a new stake in shares of Waystar during the 4th quarter valued at about $92,000.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price for the company. The Goldman Sachs Group increased their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group reduced their target price 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. Barclays lowered their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Truist Financial set a $50.00 price objective on shares of Waystar and gave the stock a “buy” rating in a report on Wednesday, May 7th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $40.50.

Waystar Company Profile

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