Melissa F. (Missy) Miller Sells 3,400 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Waystar Stock Down 0.7 %

Waystar stock traded down $0.30 during midday trading on Tuesday, reaching $41.77. The stock had a trading volume of 5,643,439 shares, compared to its average volume of 1,968,687. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11. The company has a fifty day moving average of $39.27 and a 200 day moving average of $32.24. 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 quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share 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 analysts’ expectations of $232.29 million. Equities analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Institutional Trading of Waystar

A number of large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Waystar during the 4th quarter valued at about $119,387,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Waystar during the fourth quarter worth approximately $56,804,000. Farallon Capital Management LLC purchased a new position in shares of Waystar during the fourth quarter worth approximately $49,251,000. Vanguard Group Inc. raised its stake in shares of Waystar by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock valued at $183,182,000 after acquiring an additional 1,054,180 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Waystar by 697.5% in the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock valued at $30,724,000 after purchasing an additional 963,316 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WAY. Bank of America raised their price objective on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Canaccord Genuity Group raised their price target on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group upped their price objective on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays raised their target price on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 price target on the stock. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $40.36.

About Waystar

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