Waystar Holding Corp. (NASDAQ:WAY) Director Paul G. Moskowitz Sells 5,652,689 Shares

Waystar Holding Corp. (NASDAQ:WAY) Director Paul G. Moskowitz sold 5,652,689 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $38.60, for a total value of $218,193,795.40. Following the transaction, the director now directly owns 22,327,728 shares of the company’s stock, valued at approximately $861,850,300.80. The trade was a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Waystar Stock Performance

Waystar stock opened at $42.35 on Thursday. The business has a 50 day simple moving average of $39.55 and a 200 day simple moving average of $32.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on WAY. Royal Bank of Canada raised their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays lifted their price target on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group started coverage on Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Canaccord Genuity Group boosted their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waystar has an average rating of “Buy” and a consensus target price of $40.36.

Hedge Funds Weigh In On Waystar

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Waystar during the fourth quarter worth approximately $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Waystar during the 4th quarter worth $56,804,000. Farallon Capital Management LLC bought a new stake in shares of Waystar during the 4th quarter valued at $49,251,000. Vanguard Group Inc. increased its holdings in Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock valued at $183,182,000 after purchasing an additional 1,054,180 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock valued at $30,724,000 after acquiring an additional 963,316 shares during the period.

About Waystar

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