Christopher L. Schremser Sells 8,623 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $313,532.28. Following the sale, the chief technology officer now owns 438,044 shares of the company’s stock, valued at $15,927,279.84. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Waystar Stock Performance

NASDAQ WAY opened at $36.93 on Wednesday. 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 Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11. The company has a 50-day simple moving average of $39.32 and a 200 day simple moving average of $35.21.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $232.29 million. Analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of Waystar in a report on Friday, March 14th. They set a “buy” rating and a $45.00 price objective for the company. The Goldman Sachs Group boosted 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. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price on the stock. Bank of America upped their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Barclays dropped their price objective on Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $40.33.

Institutional Investors Weigh In On Waystar

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after purchasing an additional 96,552 shares during the period. M&T Bank Corp boosted its holdings in Waystar by 116.6% in the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after buying an additional 34,316 shares during the period. Barclays PLC grew its stake in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after buying an additional 56,834 shares in the last quarter. State Street Corp bought a new stake in Waystar during the 3rd quarter valued at $16,816,000. Finally, Jane Street Group LLC bought a new stake in Waystar during the 3rd quarter valued at $539,000.

Waystar Company Profile

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