Waystar (NASDAQ:WAY) CTO Sells $262,225.43 in Stock

by · The Cerbat Gem

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) CTO Christopher Schremser sold 8,623 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the transaction, the chief technology officer owned 422,371 shares in the company, valued at approximately $12,844,302.11. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Waystar Price Performance

Shares of NASDAQ:WAY traded up $1.09 during trading on Thursday, reaching $31.49. 2,460,846 shares of the company traded hands, compared to its average volume of 2,141,165. The firm has a market capitalization of $6.02 billion, a PE ratio of 50.79, a PEG ratio of 0.46 and a beta of 0.64. Waystar Holding Corp. has a 52 week low of $29.40 and a 52 week high of $48.11. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $36.42 and its two-hundred day moving average is $37.26.

Institutional Trading of Waystar

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Waystar by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,687 shares of the company’s stock valued at $549,000 after buying an additional 304 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Waystar by 5.2% in the second quarter. Verdence Capital Advisors LLC now owns 7,076 shares of the company’s stock valued at $289,000 after acquiring an additional 348 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after purchasing an additional 358 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Waystar by 120.1% in 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 period. Finally, BCS Private Wealth Management Inc. lifted its position in shares of Waystar by 8.4% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 7,455 shares of the company’s stock worth $283,000 after purchasing an additional 575 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Baird R W raised shares of Waystar to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on Waystar in a report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Barclays lowered their price target on Waystar from $56.00 to $42.00 and set an “overweight” rating for the company in a report on Monday. Finally, Citizens Jmp initiated coverage on Waystar in a research note on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $48.08.

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About Waystar

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

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