Waystar Holding Corp. (NASDAQ:WAY) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,795 shares of the company’s stock after selling 108,218 shares during the period. Peregrine Capital Management LLC owned 0.18% of Waystar worth $11,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in Waystar during the 3rd quarter valued at approximately $41,000. Smithfield Trust Co purchased a new stake in shares of Waystar during the third quarter worth approximately $68,000. RiverPark Advisors LLC acquired a new stake in shares of Waystar during the third quarter worth $78,000. Dakota Wealth Management purchased a new position in Waystar in the 4th quarter valued at $264,000. Finally, Stifel Financial Corp acquired a new position in Waystar in the 3rd quarter valued at $204,000.

Waystar Price Performance

Shares of WAY stock opened at $45.35 on Tuesday. The firm’s 50-day simple moving average is $38.40 and its 200-day simple moving average is $31.51. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $45.49.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

Several research firms recently issued reports on WAY. The Goldman Sachs Group increased their price target on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price target for the company. Finally, Bank of America boosted their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $36.55.

Waystar Profile

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