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Waystar Holding Corp (NASDAQ:WAY), a $6.4 billion market cap company currently trading at $36.57, saw its Chief Business Officer Eric L. (Ric) Sinclair III recently sell 9,702 shares of common stock at prices ranging from $36.41 to $37.42, totaling $359,938. According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on July 21, 2025. The sale comes as the stock has delivered an impressive 59% return over the past year, according to InvestingPro data.
On the same day, Sinclair also exercised options to acquire 9,702 shares of Waystar Holding Corp. common stock at an exercise price of $4.14, for a total value of $40,166.
Following these transactions, Sinclair directly owns 490,870 shares of Waystar Holding Corp., which includes unvested Restricted Stock Units. The sales were executed automatically under a Rule 10b5-1(c) plan adopted on February 19, 2025.
In other recent news, Waystar Holding Corp. has seen a series of notable developments. Fitch Ratings upgraded Waystar’s Long-Term Issuer Default Rating to ’BB’ from ’BB-’, with a stable outlook, citing reduced leverage expectations. Similarly, S&P Global Ratings raised Waystar Technologies Inc.’s issuer credit rating to ’BB-’ from ’B+’, highlighting the company’s stronger market position. The outlook remains stable as the company continues to expand organically and through acquisitions. Additionally, EQT (ST:EQTAB) Partners Inc., Bain Capital L.P., and the Canada Pension Plan Investment Board reduced their combined ownership in Waystar from 52% to 43.9% through a public offering. On the analyst front, Canaccord Genuity maintained its Buy rating on Waystar stock, setting a price target of $47.00 ahead of the company’s upcoming earnings report. Mizuho (NYSE:MFG) initiated coverage with an outperform rating and a price target of $48.00, noting significant market share gains. Furthermore, Waystar announced the addition of Aashima Gupta from Google (NASDAQ:GOOGL) Cloud and Michael Roman, former 3M executive, to its Board of Directors. These recent developments reflect a period of strategic growth and positive financial assessments for Waystar.
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