Waystar Holding Corp. (NASDAQ:WAY) Insider T. Craig Bridge Sells 182,914 Shares

Waystar Holding Corp. (NASDAQ:WAY) insider T. Craig Bridge sold 182,914 shares of Waystar stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now directly owns 519,658 shares in the company, valued at $21,903,584.70. This represents a 26.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Waystar Price Performance

WAY stock opened at $43.47 on Friday. The firm has a 50 day simple moving average of $39.82 and a 200 day simple moving average of $32.63. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55.

Waystar (NASDAQ:WAY) last issued its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. On average, equities analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WAY. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Friday, November 22nd. Barclays lifted their target price on 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 upped their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target on the stock. Finally, Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $40.36.

Institutional Trading of Waystar

A number of institutional investors have recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new stake in shares of Waystar during the 4th quarter valued at about $25,000. Cerity Partners LLC raised its position in Waystar by 1.5% during the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after acquiring an additional 699 shares in the last quarter. RiverPark Advisors LLC lifted its stake in Waystar by 25.5% in the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after acquiring an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Waystar by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after acquiring an additional 960 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Waystar by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after purchasing an additional 964 shares during the last quarter.

About Waystar

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