Waystar (NASDAQ:WAY) Insider Eric (Ric) Sinclair III Sells 40,225 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 40,225 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Waystar Stock Performance

Shares of WAY opened at $29.51 on Friday. Waystar Holding Corp. has a 12-month low of $28.71 and a 12-month high of $48.11. The stock has a market cap of $5.65 billion, a P/E ratio of 47.60, a PEG ratio of 0.37 and a beta of 0.76. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $33.15 and a two-hundred day moving average of $35.72.

Institutional Investors Weigh In On Waystar

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Waystar by 35.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after buying an additional 3,219,586 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Waystar by 0.5% during the 3rd quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock worth $199,580,000 after acquiring an additional 23,822 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Waystar by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after acquiring an additional 146,510 shares during the period. Invesco Ltd. boosted its position in shares of Waystar by 63.0% in the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock worth $118,698,000 after acquiring an additional 1,209,276 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Waystar in the third quarter valued at approximately $95,497,000.

Analysts Set New Price Targets

WAY has been the topic of a number of analyst reports. Zacks Research cut Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wells Fargo & Company began coverage on Waystar in a research report on Thursday, January 8th. They issued an “overweight” rating and a $41.00 price objective on the stock. Needham & Company LLC initiated coverage on Waystar in a research report on Tuesday, November 11th. They set a “buy” rating and a $46.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Waystar in a research note on Wednesday. Finally, UBS Group assumed coverage on shares of Waystar in a research note on Monday, December 15th. They set a “buy” rating and a $41.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $46.64.

About Waystar

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.