Insider Selling: Waystar (NASDAQ:WAY) CEO Sells $2,142,525.00 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 82,500 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $25.97, for a total value of $2,142,525.00. Following the completion of the transaction, the chief executive officer directly owned 1,804,794 shares in the company, valued at approximately $46,870,500.18. This trade represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Performance

NASDAQ WAY opened at $25.07 on Friday. The stock has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $22.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.81 billion, a PE ratio of 35.81, a P/E/G ratio of 0.98 and a beta of 0.16. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same period in the previous year, the firm earned $0.36 EPS. Waystar’s revenue was up 18.1% on a year-over-year basis. Equities analysts anticipate that Waystar Holding Corp. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WAY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $39.00 price objective on shares of Waystar in a report on Friday, July 31st. Barclays lifted their target price on shares of Waystar from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Truist Financial decreased their price target on Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. UBS Group lowered their price target on Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of Waystar in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WAY. Kennedy Capital Management LLC lifted its holdings in Waystar by 0.5% during the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock worth $3,478,000 after buying an additional 559 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Waystar by 22.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock worth $103,000 after acquiring an additional 569 shares during the period. State of Wyoming increased its position in shares of Waystar by 45.1% during the second quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after acquiring an additional 652 shares during the period. ProShare Advisors LLC raised its stake in shares of Waystar by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock valued at $703,000 after acquiring an additional 764 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its stake in shares of Waystar by 9.3% in the fourth quarter. Vinva Investment Management Ltd now owns 9,202 shares of the company’s stock valued at $301,000 after acquiring an additional 786 shares in the last quarter.

Waystar Company Profile

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.