Waystar (NASDAQ:WAY) CMO Melissa (Missy) Miller Sells 3,400 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa (Missy) Miller sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total transaction of $125,800.00. Following the completion of the sale, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at $7,150,657. The trade was a 1.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Waystar Stock Up 0.3%

Shares of NASDAQ WAY traded up $0.11 during trading hours on Wednesday, hitting $37.09. The company had a trading volume of 225,938 shares, compared to its average volume of 2,111,966. Waystar Holding Corp. has a 1-year low of $29.50 and a 1-year high of $48.11. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $37.09 and its 200-day moving average is $37.61. The stock has a market capitalization of $7.10 billion, a P/E ratio of 59.86, a price-to-earnings-growth ratio of 0.56 and a beta of 0.64.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in shares of Waystar in the 3rd quarter worth $25,000. Central Pacific Bank Trust Division bought a new stake in shares of Waystar during the 2nd quarter worth $33,000. ANTIPODES PARTNERS Ltd grew its position in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after acquiring an additional 449 shares during the period. First Horizon Corp purchased a new position in shares of Waystar during the 3rd quarter valued at $38,000. Finally, Nisa Investment Advisors LLC boosted 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 purchasing an additional 358 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WAY shares. Baird R W upgraded Waystar to a “strong-buy” rating in a research note on Friday, September 5th. BMO Capital Markets started coverage on shares of Waystar in a research note on Thursday, November 13th. They set an “outperform” rating and a $47.00 target price on the stock. Citigroup boosted their price objective on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Waystar in a research report on Wednesday, October 8th. Finally, JMP Securities began coverage on Waystar in a report on Thursday, September 18th. They set a “market outperform” rating and a $48.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $48.69.

Waystar Company Profile

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