Waystar Holding Corp. (NASDAQ:WAY) Insider T. Craig Bridge Sells 182,914 Shares

Waystar Holding Corp. (NASDAQ:WAY) insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the sale, the insider now owns 519,658 shares in the company, valued at $21,903,584.70. This represents a 26.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Up 2.4 %

Shares of NASDAQ:WAY opened at $43.47 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The business’s 50-day moving average is $39.82 and its 200-day moving average is $32.63. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WAY. Global Retirement Partners LLC acquired a new position in Waystar during the 4th quarter worth approximately $25,000. Amalgamated Bank acquired a new position in Waystar during the 3rd quarter worth approximately $41,000. Mark Sheptoff Financial Planning LLC acquired a new position in Waystar during the 4th quarter worth approximately $48,000. Smithfield Trust Co acquired a new position in Waystar during the 3rd quarter worth approximately $68,000. Finally, RiverPark Advisors LLC acquired a new position in Waystar during the 3rd quarter worth approximately $78,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WAY shares. Canaccord Genuity Group upped their price target on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Friday, November 22nd. Royal Bank of Canada upped their price target on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target on the stock. Finally, Bank of America upped their price target on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $40.36.

About Waystar

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