Waystar Holding Corp. (NASDAQ:WAY) Director Sells $218,193,795.40 in Stock

Waystar Holding Corp. (NASDAQ:WAY) Director Paul G. Moskowitz sold 5,652,689 shares of Waystar stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the transaction, the director now directly owns 22,327,728 shares of the company’s stock, valued at approximately $861,850,300.80. This trade represents a 20.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Waystar Trading Up 2.4 %

Shares of Waystar stock opened at $43.47 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 current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $39.82 and a two-hundred day simple moving average of $32.63.

Waystar (NASDAQ:WAY) last issued its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Equities research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WAY. Barclays lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada lifted their target price on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America lifted their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Evercore ISI lifted 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. Finally, Canaccord Genuity Group lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $40.36.

Hedge Funds Weigh In On Waystar

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Waystar in the 4th quarter valued at approximately $25,000. Cerity Partners LLC raised its position in shares of Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares in the last quarter. RiverPark Advisors LLC raised its position in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after buying an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock valued at $901,000 after buying an additional 960 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Waystar by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock valued at $1,985,000 after buying an additional 964 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.