Waystar (NASDAQ:WAY) Insider Sells $1,209,968.00 in Stock

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 40,225 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the transaction, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Performance

Shares of WAY stock opened at $29.98 on Friday. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $33.04 and a two-hundred day simple moving average of $35.65. Waystar Holding Corp. has a 12 month low of $28.71 and a 12 month high of $48.11. The firm has a market capitalization of $5.74 billion, a PE ratio of 48.35, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76.

Hedge Funds Weigh In On Waystar

Institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new stake in Waystar in the third quarter worth about $25,000. ANTIPODES PARTNERS Ltd increased its stake in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after purchasing an additional 449 shares during the last quarter. First Horizon Corp bought a new stake in shares of Waystar in the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC lifted its stake in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after purchasing an additional 358 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after purchasing an additional 1,352 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company started coverage on Waystar in a research note on Thursday, January 8th. They set an “overweight” rating and a $41.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research report on Wednesday. Mizuho upped their price target on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Zacks Research cut Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, UBS Group initiated coverage on shares of Waystar in a research note on Monday, December 15th. They issued a “buy” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $46.64.

About Waystar

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.