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

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa (Missy) Miller sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the completion of the transaction, the chief marketing officer owned 193,261 shares in the company, valued at approximately $7,150,657. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Waystar Price Performance

NASDAQ WAY traded up $0.11 on Wednesday, reaching $37.09. 225,938 shares of the company’s stock traded hands, compared to its average volume of 2,111,966. The stock has a 50-day simple moving average of $37.09 and a 200 day simple moving average of $37.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. Waystar Holding Corp. has a 12 month low of $29.50 and a 12 month high of $48.11. The stock has a market cap of $7.10 billion, a PE ratio of 59.86, a P/E/G ratio of 0.56 and a beta of 0.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock worth $302,263,000 after purchasing an additional 3,099,211 shares during the period. Jump Financial LLC increased its holdings in Waystar by 239.3% in the 1st quarter. Jump Financial LLC now owns 360,284 shares of the company’s stock valued at $13,460,000 after purchasing an additional 254,084 shares during the last quarter. FORA Capital LLC purchased a new stake in Waystar in the first quarter valued at approximately $891,000. Invesco Ltd. lifted its stake in Waystar by 9,107.1% during the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after purchasing an additional 2,018,125 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Waystar by 575.1% during the first quarter. Hsbc Holdings PLC now owns 70,360 shares of the company’s stock worth $2,627,000 after buying an additional 59,938 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WAY shares. Barclays initiated coverage on shares of Waystar in a research report on Tuesday, October 14th. They set an “overweight” rating and a $50.00 price target on the stock. Baird R W upgraded Waystar to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a report on Wednesday, October 8th. JMP Securities started coverage on shares of Waystar in a research note on Thursday, September 18th. They issued a “market outperform” rating and a $48.00 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of Waystar in a research report on Thursday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $48.69.

About Waystar

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