Waystar Holding Corp. (NASDAQ:WAY) Director Sells $218,193,795.40 in Stock

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

Waystar Stock Up 2.4 %

WAY stock opened at $43.47 on Friday. The firm has a 50 day moving average of $39.82 and a 200-day moving average of $32.63. 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 12 month low of $20.26 and a 12 month 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 for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Equities analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

WAY has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays upped their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Jefferies Financial Group assumed coverage on shares of Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective on the stock. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Friday, November 22nd. Finally, Bank of America upped their price objective on shares of 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $40.36.

Institutional Investors Weigh In On Waystar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Waystar during the 4th quarter valued at $25,000. Cerity Partners LLC increased its position in Waystar by 1.5% during the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after purchasing an additional 699 shares during the period. RiverPark Advisors LLC grew its position in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after buying an additional 710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after buying an additional 960 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Waystar by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after buying an additional 964 shares during the period.

Waystar Company Profile

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