Key Points
- Insider sale: Eric (Ric) Sinclair III sold 9,701 Waystar shares on Dec. 22 at an average price of $32.82 for $318,386.82, trimming his position by 2% to 474,826 shares valued at about $15.58M.
- Stock snapshot: WAY opened at $32.84, trades in a 1‑year range of $29.40–$48.11, has a $6.28B market cap and a P/E of 52.97, with 50‑day and 200‑day SMAs near $35.55 and $36.82 respectively.
- Analyst and institutional backdrop: The consensus rating is "Buy" (average price target $47.57) and large institutions like Vanguard, AllianceBernstein and JPMorgan substantially increased holdings recently.
Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric (Ric) Sinclair III sold 9,701 shares of Waystar stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $32.82, for a total transaction of $318,386.82. Following the sale, the insider directly owned 474,826 shares of the company's stock, valued at $15,583,789.32. This trade represents a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Waystar Price Performance
Shares of NASDAQ:WAY opened at $32.84 on Wednesday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 52.97, a P/E/G ratio of 0.50 and a beta of 0.64. Waystar Holding Corp. has a 1 year low of $29.40 and a 1 year high of $48.11. 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 business has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $36.82.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on WAY shares. JMP Securities started coverage on Waystar in a research note on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price target for the company. BMO Capital Markets assumed coverage on shares of Waystar in a research report on Thursday, November 13th. They issued an "outperform" rating and a $47.00 target price for the company. Zacks Research upgraded shares of Waystar from a "hold" rating to a "strong-buy" rating in a report on Monday, November 3rd. Barclays decreased their price objective on shares of Waystar from $56.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, December 8th. Finally, UBS Group began coverage on Waystar in a report on Monday, December 15th. They set a "buy" rating and a $41.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $47.57.
Check Out Our Latest Stock Report on WAY
Institutional Trading of Waystar
A number of institutional investors and hedge funds have recently modified their holdings of WAY. Vanguard Group Inc. raised its holdings in Waystar by 35.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company's stock worth $466,030,000 after acquiring an additional 3,219,586 shares during the period. Alliancebernstein L.P. increased its stake in shares of Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock worth $133,601,000 after purchasing an additional 3,186,869 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Waystar in the third quarter worth about $95,497,000. Alyeska Investment Group L.P. lifted its position in shares of Waystar by 4,717.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company's stock worth $68,811,000 after purchasing an additional 1,776,979 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Waystar by 152.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company's stock valued at $94,405,000 after purchasing an additional 1,504,026 shares during the period.
About Waystar
(
Get Free Report)
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.
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