Waystar Holding Corp. $WAY Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its position in Waystar Holding Corp. (NASDAQ:WAY) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,674 shares of the company’s stock after selling 45,339 shares during the quarter. Cinctive Capital Management LP’s holdings in Waystar were worth $2,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of WAY. Salomon & Ludwin LLC purchased a new position in Waystar during the third quarter worth approximately $25,000. ANTIPODES PARTNERS Ltd boosted its holdings in Waystar by 120.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after purchasing an additional 449 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Waystar in the 3rd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after buying an additional 1,352 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Waystar by 515.8% during the 3rd quarter. CWM LLC now owns 2,100 shares of the company’s stock worth $80,000 after buying an additional 1,759 shares during the last quarter.

Insider Transactions at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the sale, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. This represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WAY. Barclays decreased their price objective on Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings downgraded Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. Citigroup decreased their price target on Waystar from $46.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Leerink Partners began coverage on Waystar in a report on Monday, February 2nd. They set an “outperform” rating and a $43.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $37.06.

Waystar Price Performance

WAY stock opened at $24.16 on Monday. The business’s fifty day moving average price is $26.97 and its 200 day moving average price is $32.94. Waystar Holding Corp. has a 12-month low of $21.13 and a 12-month high of $42.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4.63 billion, a PE ratio of 39.61, a P/E/G ratio of 0.94 and a beta of 0.80.

Waystar (NASDAQ:WAY) last announced its earnings results on Tuesday, February 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $303.54 million for the quarter, compared to analysts’ expectations of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

About Waystar

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.