Peak6 LLC Makes New Investment in Waystar Holding Corp. (NASDAQ:WAY)

PEAK6 LLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,824 shares of the company's stock, valued at approximately $874,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Waystar in the fourth quarter worth $119,387,000. Vanguard Group Inc. raised its position in Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after acquiring an additional 1,054,180 shares during the period. Geode Capital Management LLC raised its holdings in Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after purchasing an additional 963,316 shares during the period. Burkehill Global Management LP purchased a new position in shares of Waystar during the 4th quarter valued at about $23,855,000. Finally, State Street Corp purchased a new position in Waystar during the third quarter valued at approximately $16,816,000.

Insider Buying and Selling at Waystar

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $313,532.28. Following the completion of the sale, the chief technology officer now owns 438,044 shares of the company's stock, valued at approximately $15,927,279.84. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock worth $528,743,995 over the last three months.

Waystar Trading Down 0.7 %

Shares of NASDAQ WAY traded down $0.24 during trading on Friday, reaching $37.04. The stock had a trading volume of 513,797 shares, compared to its average volume of 1,379,085. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The business's 50-day moving average price is $38.33 and its 200-day moving average price is $35.60. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. As a group, analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WAY has been the topic of several recent analyst reports. Truist Financial assumed coverage on shares of Waystar in a research report on Friday, March 14th. They set a "buy" rating and a $45.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Canaccord Genuity Group increased their target price on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, Bank of America upped their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $40.33.

Waystar Profile

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