Waystar (NASDAQ:WAY) Insider Eric (Ric) Sinclair III Sells 9,701 Shares

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 9,701 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $35.27, for a total value of $342,154.27. Following the sale, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $16,747,113.02. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Waystar Stock Up 2.7%

WAY traded up $0.95 during trading on Friday, reaching $35.74. The company had a trading volume of 1,985,684 shares, compared to its average volume of 2,239,234. The company has a market cap of $6.84 billion, a P/E ratio of 57.65, a PEG ratio of 0.53 and a beta of 0.64. Waystar Holding Corp. has a 12 month low of $29.29 and a 12 month high of $48.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The business’s fifty day moving average price is $37.15 and its 200 day moving average price is $37.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Waystar by 170.4% in the first quarter. Victory Capital Management Inc. now owns 178,024 shares of the company’s stock valued at $6,651,000 after buying an additional 112,179 shares during the period. Vanguard Group Inc. raised its holdings in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock valued at $302,263,000 after acquiring an additional 3,099,211 shares in the last quarter. Jump Financial LLC lifted its position in shares of Waystar by 239.3% during the 1st quarter. Jump Financial LLC now owns 360,284 shares of the company’s stock valued at $13,460,000 after acquiring an additional 254,084 shares during the period. FORA Capital LLC bought a new stake in shares of Waystar during the 1st quarter valued at $891,000. Finally, Invesco Ltd. grew its holdings in shares of Waystar by 9,107.1% during the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after purchasing an additional 2,018,125 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WAY. Robert W. Baird initiated coverage on shares of Waystar in a research note on Friday, September 5th. They issued an “outperform” rating and a $44.00 target price for the company. Canaccord Genuity Group set a $54.00 target price on Waystar in a research report on Thursday, October 30th. Mizuho boosted their target price on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Needham & Company LLC initiated coverage on shares of Waystar in a research note on Tuesday, November 11th. They set a “buy” rating and a $46.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.