Insider Selling: Waystar (NASDAQ:WAY) CEO Sells 82,500 Shares

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 82,500 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $25.97, for a total value of $2,142,525.00. Following the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $46,870,500.18. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Trading Up 0.9%

NASDAQ:WAY traded up $0.22 during mid-day trading on Thursday, reaching $25.94. The company’s stock had a trading volume of 831,038 shares, compared to its average volume of 2,652,307. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $4.97 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.00 and a beta of 0.16. The company’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $22.74. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The company had revenue of $319.67 million during the quarter, compared to the consensus estimate of $316.21 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WAY shares. UBS Group decreased their price target on shares of Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. KeyCorp restated an “overweight” rating on shares of Waystar in a report on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Waystar in a research report on Thursday, August 27th. Barclays lifted their target price on Waystar from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group boosted their price target on Waystar from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.52.

Institutional Investors Weigh In On Waystar

Several large investors have recently made changes to their positions in WAY. Canada Pension Plan Investment Board purchased a new position in Waystar in the second quarter valued at about $390,593,000. BlackRock Inc. purchased a new stake in shares of Waystar in the second quarter worth about $357,950,000. Vanguard Group Inc. grew its stake in shares of Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock valued at $403,836,000 after buying an additional 41,062 shares in the last quarter. Advent International L.P. purchased a new stake in shares of Waystar during the 2nd quarter valued at about $227,060,000. Finally, William Blair Investment Management LLC raised its holdings in shares of Waystar by 0.4% during the 4th quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock valued at $172,993,000 after buying an additional 19,033 shares during the period.

Waystar Company Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.