Insider Selling: Waystar Holding Corp. (NASDAQ:WAY) CMO Sells 3,400 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the transaction, the chief marketing officer now directly owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. This represents a 7.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Performance

Shares of Waystar stock traded down $0.30 during trading hours on Tuesday, reaching $41.77. 5,643,439 shares of the stock traded hands, compared to its average volume of 1,968,687. The company has a 50 day moving average price of $39.27 and a 200 day moving average price of $32.24. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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. On average, equities research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price objective on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Jefferies Financial Group started coverage on Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target for the company. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $40.36.

Hedge Funds Weigh In On Waystar

Several institutional investors and hedge funds have recently bought and sold shares of WAY. Global Retirement Partners LLC bought a new position in shares of Waystar in the fourth quarter worth about $25,000. Cerity Partners LLC raised its stake in Waystar by 1.5% during the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock worth $1,302,000 after acquiring an additional 699 shares during the period. RiverPark Advisors LLC lifted its holdings in Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after purchasing an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Waystar by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after purchasing an additional 960 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Waystar by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after purchasing an additional 964 shares in the last quarter.

About Waystar

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