Waystar Holding Corp. (NASDAQ:WAY) Insider Sells $7,709,825.10 in Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider T. Craig Bridge sold 182,914 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now owns 519,658 shares of the company's stock, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Waystar Stock Performance

Shares of Waystar stock traded down $0.16 during trading hours on Tuesday, hitting $42.42. The company's stock had a trading volume of 716,396 shares, compared to its average volume of 1,250,424. 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 12-month low of $20.26 and a 12-month high of $48.11. The business has a 50 day moving average price of $39.94 and a two-hundred day moving average price of $32.86.

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

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Analysts Set New Price Targets

Several research firms recently commented on WAY. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Evercore ISI increased their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barclays lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, Bank of America increased their price target on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $40.36.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Waystar during the fourth quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new position in Waystar during the 4th quarter worth about $48,000. Amalgamated Bank purchased a new position in Waystar during the 3rd quarter valued at about $41,000. Smithfield Trust Co bought a new stake in shares of Waystar in the 3rd quarter valued at about $68,000. Finally, Gen Wealth Partners Inc bought a new position in shares of Waystar during the fourth quarter valued at approximately $92,000.

About Waystar

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