Waystar Holding Corp. (NASDAQ:WAY) Major Shareholder Canada Pension Plan Investment Sells 7,517,168 Shares

Posted by Casey Walker on Feb 26th, 2025

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the transaction, the insider now owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Waystar Price Performance

WAY traded up $0.58 on Wednesday, reaching $42.35. The company had a trading volume of 2,486,116 shares, compared to its average volume of 1,984,511. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a fifty day moving average of $39.40 and a 200-day moving average of $32.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55.

Waystar (NASDAQ:WAY – Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WAY. Evercore ISI raised their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Friday, November 22nd. Royal Bank of Canada upped their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group initiated coverage on Waystar in a research report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $40.36.

Check Out Our Latest Report on Waystar

Institutional Trading of Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Global Retirement Partners LLC bought a new stake in Waystar in the fourth quarter worth about $25,000. Cerity Partners LLC grew its stake in shares of Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock worth $1,302,000 after purchasing an additional 699 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after purchasing an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Waystar by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock valued at $901,000 after purchasing an additional 960 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Waystar by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after buying an additional 964 shares in the last quarter.