Insider Selling: Waystar (NASDAQ:WAY) CTO Sells $349,145.27 in Stock

Waystar Holding Corp. (NASDAQ:WAYGet Free Report) CTO Christopher Schremser sold 8,623 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $349,145.27. Following the completion of the transaction, the chief technology officer owned 422,371 shares of the company’s stock, valued at $17,101,801.79. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Waystar Price Performance

Shares of NASDAQ WAY opened at $37.36 on Friday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 77.83, a PEG ratio of 0.70 and a beta of 0.78. The business has a 50-day moving average of $36.78 and a 200-day moving average of $37.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. Waystar Holding Corp. has a fifty-two week low of $26.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAYGet Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $270.65 million during the quarter, compared to analysts’ expectations of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.Waystar’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, sell-side analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WAY shares. Robert W. Baird assumed coverage on Waystar in a report on Friday, September 5th. They issued an “outperform” rating and a $44.00 price objective for the company. TD Cowen upgraded Waystar to a “strong-buy” rating in a report on Thursday, June 5th. Truist Financial lifted their price target on Waystar from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Baird R W upgraded Waystar to a “strong-buy” rating in a report on Friday, September 5th. Finally, Citigroup assumed coverage on Waystar in a report on Wednesday, June 25th. They set a “buy” rating and a $45.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat.com, Waystar currently has an average rating of “Buy” and a consensus price target of $44.67.

View Our Latest Stock Analysis on Waystar

Institutional Investors Weigh In On Waystar

Several hedge funds have recently bought and sold shares of WAY. Central Pacific Bank Trust Division acquired a new stake in Waystar during the second quarter worth approximately $33,000. Nisa Investment Advisors LLC lifted its position in Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares during the last quarter. State of Wyoming acquired a new stake in Waystar during the first quarter worth approximately $54,000. EverSource Wealth Advisors LLC lifted its position in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after acquiring an additional 1,352 shares during the last quarter. Finally, Quarry LP acquired a new stake in Waystar during the first quarter worth approximately $60,000.

About Waystar

(Get Free Report)

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

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Insider Buying and Selling by Quarter for Waystar (NASDAQ:WAY)

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