Waystar Holding Corp. (NASDAQ:WAY) CFO Steven M. Oreskovich Sells 16,666 Shares

Waystar Holding Corp. (NASDAQ:WAY) CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Waystar Stock Performance

Shares of NASDAQ:WAY traded up $1.29 during midday trading on Monday, hitting $35.36. 1,938,877 shares of the stock were exchanged, compared to its average volume of 937,105. The business’s 50-day simple moving average is $29.76. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $35.42. 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 (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. Waystar’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts anticipate that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Institutional Trading of Waystar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in Waystar during the 2nd quarter valued at approximately $800,003,000. Deerfield Management Company L.P. Series C bought a new stake in Waystar during the second quarter valued at $106,468,000. TPG GP A LLC acquired a new stake in Waystar during the 2nd quarter worth about $85,910,000. American Century Companies Inc. bought a new position in shares of Waystar in the 2nd quarter worth about $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Waystar in the 2nd quarter valued at about $27,950,000.

Analyst Upgrades and Downgrades

Several research firms have commented on WAY. Canaccord Genuity Group raised their target price on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their target price on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.90.

About Waystar

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