Insider Selling: Waystar (NASDAQ:WAY) CTO Sells 8,623 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $36.12, for a total value of $311,462.76. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at $15,256,040.52. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Trading Up 2.0%

WAY traded up $0.73 during trading on Wednesday, reaching $36.76. 631,720 shares of the company’s stock were exchanged, compared to its average volume of 2,139,361. The firm has a fifty day moving average price of $37.70 and a two-hundred day moving average price of $37.88. The stock has a market capitalization of $7.03 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 0.55 and a beta of 0.64. Waystar Holding Corp. has a one year low of $29.29 and a one year high of $48.11. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $268.65 million for the quarter, compared to analysts’ expectations of $256.12 million. Waystar had a return on equity of 6.83% and a net margin of 10.69%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. As a group, equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WAY. Baird R W upgraded shares of Waystar to a “strong-buy” rating in a research note on Friday, September 5th. Robert W. Baird began coverage on shares of Waystar in a research report on Friday, September 5th. They set an “outperform” rating and a $44.00 target price for the company. Canaccord Genuity Group set a $54.00 price target on shares of Waystar in a research report on Thursday, October 30th. Wall Street Zen raised Waystar from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Truist Financial raised their target price on shares of Waystar from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.15.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WAY. Principal Financial Group Inc. purchased a new stake in shares of Waystar in the first quarter worth approximately $221,000. Bank of New York Mellon Corp lifted its position in Waystar by 43.9% during the 1st quarter. Bank of New York Mellon Corp now owns 344,045 shares of the company’s stock worth $12,854,000 after acquiring an additional 104,995 shares during the period. Cerity Partners LLC boosted its holdings in Waystar by 89.8% during the first quarter. Cerity Partners LLC now owns 87,844 shares of the company’s stock worth $3,282,000 after buying an additional 41,565 shares in the last quarter. Xponance Inc. purchased a new stake in Waystar in the 1st quarter worth $221,000. Finally, Arizona State Retirement System increased its position in shares of Waystar by 63.3% during the first quarter. Arizona State Retirement System now owns 19,728 shares of the company’s stock worth $737,000 after purchasing an additional 7,645 shares in the last quarter.

About Waystar

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