Waystar Holding Corp. (NASDAQ:WAY) CEO Sells $1,696,812.12 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew J. Hawkins sold 46,667 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the sale, the chief executive officer now owns 500,000 shares of the company’s stock, valued at approximately $18,180,000. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Stock Down 1.9 %

NASDAQ:WAY traded down $0.69 on Monday, hitting $36.58. 1,088,318 shares of the stock were exchanged, compared to its average volume of 2,042,313. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week 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 stock has a fifty day moving average of $39.51 and a 200-day moving average of $35.14.

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, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. As a group, equities analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Waystar during the first quarter worth $378,000. MRA Advisory Group acquired a new position in Waystar in the 1st quarter worth $377,000. Rhumbline Advisers boosted its position in Waystar by 88.1% in the 1st quarter. Rhumbline Advisers now owns 113,177 shares of the company’s stock valued at $4,228,000 after buying an additional 53,021 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Waystar by 6,320.7% during the first quarter. GAMMA Investing LLC now owns 8,668 shares of the company’s stock valued at $324,000 after acquiring an additional 8,533 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Waystar by 1,137.8% during the fourth quarter. California State Teachers Retirement System now owns 39,066 shares of the company’s stock worth $1,434,000 after acquiring an additional 35,910 shares during the last quarter.

Analyst Upgrades and Downgrades

WAY has been the subject of several recent analyst reports. Canaccord Genuity Group raised their price target on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 24th. Bank of America boosted their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays cut 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. Truist Financial initiated coverage on shares of Waystar in a report on Friday, March 14th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $40.33.

Waystar Company Profile

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