Waystar Holding Corp. (NASDAQ:WAY) Shares Sold by Sandia Investment Management LP

Posted by Linda Flegge on May 17th, 2025

Sandia Investment Management LP reduced its stake in shares of Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 82.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the company’s stock after selling 16,500 shares during the period. Sandia Investment Management LP’s holdings in Waystar were worth $128,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Waystar during the 4th quarter worth approximately $119,387,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Waystar during the 4th quarter valued at approximately $56,804,000. Farallon Capital Management LLC bought a new stake in shares of Waystar during the fourth quarter valued at about $49,251,000. Vanguard Group Inc. raised its position in Waystar by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock valued at $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Waystar by 263.2% in the fourth quarter. Bank of America Corp DE now owns 1,104,189 shares of the company’s stock worth $40,524,000 after buying an additional 800,183 shares during the period.

Waystar Trading Up 0.2%

NASDAQ WAY opened at $39.34 on Friday. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $37.64 and its 200 day moving average is $36.88. The company has a market cap of $6.81 billion and a price-to-earnings ratio of 437.11.

Waystar (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. Waystar’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on WAY shares. Canaccord Genuity Group cut their price target on Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Truist Financial set a $50.00 target price on Waystar and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Barclays lowered their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group boosted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group began 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. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waystar currently has a consensus rating of “Buy” and a consensus target price of $40.50.

View Our Latest Stock Analysis on WAY

Insider Buying and Selling

In related news, insider T. Craig Bridge sold 182,914 shares of Waystar stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the transaction, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. This trade represents a 26.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $39.19, for a total value of $133,246.00. Following the completion of the sale, the chief marketing officer now owns 198,556 shares in the company, valued at approximately $7,781,409.64. This represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,470,151 shares of company stock worth $531,042,240 in the last three months. Corporate insiders own 4.10% of the company’s stock.