Entropy Technologies LP Sells 14,781 Shares of Waystar Holding Corp. $WAY

Posted by Jessica Moore on Nov 27th, 2025

Entropy Technologies LP cut its position in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 71.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,996 shares of the company’s stock after selling 14,781 shares during the quarter. Entropy Technologies LP’s holdings in Waystar were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in Waystar in the 2nd quarter valued at about $33,000. Nisa Investment Advisors LLC raised its position in shares of Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after purchasing an additional 358 shares during the period. State of Wyoming purchased a new stake in shares of Waystar during the 1st quarter valued at approximately $54,000. Quarry LP bought a new position in Waystar in the 1st quarter worth approximately $60,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Waystar in the 1st quarter valued at approximately $127,000.

Analyst Ratings Changes

WAY has been the subject of a number of analyst reports. Robert W. Baird assumed coverage on Waystar in a report on Friday, September 5th. They issued an “outperform” rating and a $44.00 price target for the company. Mizuho raised their target price on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a report on Wednesday, October 8th. Canaccord Genuity Group set a $54.00 price target on shares of Waystar in a report on Thursday, October 30th. Finally, Barclays started coverage on shares of Waystar in a research note on Tuesday, October 14th. They set an “overweight” rating and a $50.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waystar has a consensus rating of “Buy” and an average price target of $48.69.

Check Out Our Latest Stock Report on Waystar

Waystar Price Performance

Shares of NASDAQ WAY opened at $37.04 on Thursday. The stock’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $37.60. Waystar Holding Corp. has a twelve month low of $29.50 and a twelve month high of $48.11. The firm has a market capitalization of $7.09 billion, a P/E ratio of 59.74, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38.

Insider Buying and Selling

In other news, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.03, for a total value of $776,742.12. Following the transaction, the insider owned 474,826 shares of the company’s stock, valued at $19,007,284.78. This represents a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider T. Craig Bridge sold 85,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.06, for a total transaction of $3,405,100.00. Following the sale, the insider owned 583,355 shares in the company, valued at approximately $23,369,201.30. This trade represents a 12.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,499,581 shares of company stock valued at $176,385,253 in the last 90 days. 4.10% of the stock is owned by company insiders.