Paul G. Moskowitz Sells 5,652,689 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) Director Paul G. Moskowitz sold 5,652,689 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $38.60, for a total value of $218,193,795.40. Following the completion of the sale, the director now owns 22,327,728 shares in the company, valued at approximately $861,850,300.80. This represents a 20.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Waystar Trading Up 0.2 %

NASDAQ WAY opened at $42.45 on Friday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The firm has a 50 day simple moving average of $39.69 and a 200-day simple moving average of $32.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. As a group, equities analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on WAY shares. Evercore ISI increased their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays increased their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Finally, Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $40.36.

Institutional Investors Weigh In On Waystar

Large investors have recently bought and sold shares of the stock. Amalgamated Bank acquired a new position in shares of Waystar during the third quarter worth about $41,000. RiverPark Advisors LLC purchased a new position in Waystar in the third quarter worth approximately $78,000. Jennison Associates LLC grew its holdings in Waystar by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company’s stock worth $31,492,000 after acquiring an additional 46,264 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of Waystar in the 3rd quarter valued at approximately $68,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Waystar in the 3rd quarter valued at $10,224,000.

Waystar Company Profile

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