Waystar Holding Corp. (NASDAQ:WAY) CTO Sells $313,532.28 in Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher L. Schremser sold 8,623 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $313,532.28. Following the completion of the transaction, the chief technology officer now directly owns 438,044 shares of the company's stock, valued at approximately $15,927,279.84. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Waystar Trading Down 0.7 %

Shares of NASDAQ:WAY traded down $0.26 on Friday, hitting $36.45. The company's stock had a trading volume of 1,199,645 shares, compared to its average volume of 1,384,501. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The stock's 50-day moving average is $39.02 and its two-hundred day moving average is $35.35. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share 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 analyst estimates of $232.29 million. Equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WAY shares. Canaccord Genuity Group upped their target price on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Truist Financial began coverage on shares of Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 price objective on the stock. Barclays cut their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group increased their target price on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $40.33.

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Waystar by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Waystar by 2.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after acquiring an additional 79,944 shares during the last quarter. Norges Bank bought a new stake in shares of Waystar during the 4th quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Waystar during the fourth quarter worth $56,804,000. Finally, American Century Companies Inc. lifted its holdings in shares of Waystar by 0.4% during the fourth quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock valued at $54,178,000 after purchasing an additional 6,409 shares during the last quarter.

Waystar Company Profile

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