Ghisallo Capital Management LLC Has $18.96 Million Stock Holdings in Waystar Holding Corp. $WAY

Ghisallo Capital Management LLC lessened its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 28.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 500,000 shares of the company’s stock after selling 200,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Waystar were worth $18,960,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in Waystar in the 3rd quarter worth about $25,000. ANTIPODES PARTNERS Ltd raised 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 buying an additional 449 shares during the last quarter. First Horizon Corp acquired a new stake in Waystar during the 3rd quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after acquiring an additional 1,352 shares during the period. Finally, CWM LLC raised its stake in shares of Waystar by 515.8% during the third quarter. CWM LLC now owns 2,100 shares of the company’s stock valued at $80,000 after acquiring an additional 1,759 shares during the last quarter.

Waystar Stock Performance

Shares of Waystar stock opened at $24.16 on Friday. Waystar Holding Corp. has a 52 week low of $21.13 and a 52 week high of $42.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $26.97 and a 200-day moving average price of $33.00. The company has a market cap of $4.63 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.80.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Needham & Company LLC lowered their price target on shares of Waystar from $46.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Truist Financial reduced their price objective on shares of Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Barclays lowered their target price on Waystar from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Waystar has an average rating of “Buy” and an average target price of $37.06.

Insiders Place Their Bets

In other 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 completion of the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at $14,282,766.08. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by insiders.

Waystar Profile

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.