Prudential Financial Inc. Sells 85,602 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Prudential Financial Inc. lowered its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 93.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,528 shares of the company's stock after selling 85,602 shares during the period. Prudential Financial Inc.'s holdings in Waystar were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in shares of Waystar in the fourth quarter valued at approximately $25,000. Stifel Financial Corp acquired a new position in Waystar during the 3rd quarter worth $204,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Waystar during the third quarter valued at about $222,000. Dakota Wealth Management bought a new position in Waystar in the 4th quarter valued at about $264,000. Finally, Smithfield Trust Co increased its stake in Waystar by 210.5% during the 4th quarter. Smithfield Trust Co now owns 7,560 shares of the company's stock valued at $277,000 after buying an additional 5,125 shares during the period.

Insider Buying and Selling

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the sale, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total value of $1,696,812.12. Following the transaction, the chief executive officer now directly owns 500,000 shares of the company's stock, valued at $18,180,000. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,411,461 shares of company stock worth $528,743,995.

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Wall Street Analyst Weigh In

Several brokerages recently commented on WAY. Barclays dropped their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial started coverage on shares of Waystar in a research report on Friday, March 14th. They issued a "buy" rating and a $45.00 price target on the stock. Canaccord Genuity Group boosted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Bank of America lifted 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. Finally, The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $40.33.

Waystar Trading Up 1.0 %

WAY traded up $0.35 during midday trading on Tuesday, hitting $36.93. 957,860 shares of the company's stock traded hands, compared to its average volume of 1,385,665. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The stock's fifty day simple moving average is $39.40 and its 200-day simple moving average is $35.20.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Waystar Company Profile

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