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LEHI, Utah—Melissa F. Miller, the Chief Marketing Officer of Waystar Holding Corp. (NASDAQ:WAY), recently offloaded shares in the company, according to a regulatory filing. On February 21, Miller sold a total of 3,400 shares of common stock, generating proceeds of approximately $143,326. The shares were sold at prices ranging between $41.14 and $42.22 per share. The transaction comes as Waystar’s stock has shown remarkable strength, delivering a 103% return over the past year, according to InvestingPro data.
In addition to the sales, Miller exercised stock options to acquire 3,400 shares of common stock at a price of $18.19 per share, which were part of an automatic transaction plan initiated in November 2024. Following these transactions, Miller holds 43,478 shares of Waystar stock. The company, currently valued at $7.8 billion, maintains strong liquidity with a current ratio of 2.55x.
These transactions are part of a pre-arranged trading plan intended to comply with Rule 10b5-1(c), which allows company insiders to sell a predetermined number of shares at a predetermined time. InvestingPro analysis reveals 12 additional key insights about Waystar’s financial health and growth prospects, available in the comprehensive Pro Research Report covering 1,400+ top US stocks.
In other recent news, Waystar Holding Corp. reported robust financial results for the fourth quarter of 2024, with revenue reaching $244 million, marking an 18% increase from the previous year. Earnings per share exceeded expectations at $0.29, and the company provided a positive revenue growth outlook of 7% to 10% for 2025. Goldman Sachs raised Waystar’s stock target to $52, citing the company’s strong performance, which surpassed revenue and profitability forecasts. Canaccord Genuity and Evercore ISI also increased their price targets for Waystar to $50, highlighting the company’s significant growth and successful strategies.
Waystar announced a public offering of 18 million shares by investment funds affiliated with EQT AB (ST:EQTAB), Canada Pension Plan Investment Board, and Bain Capital, LP, with the proceeds going directly to the selling stockholders. The offering, led by J.P. Morgan, Goldman Sachs, and Barclays (LON:BARC), is subject to SEC registration requirements. Analysts noted the company’s continued growth potential, driven by technological advancements and strategic acquisitions. Waystar’s net revenue retention rate improved to 110%, reflecting strong client engagement and expansion opportunities.
The company has launched new AI-driven products, such as AltitudeAI in collaboration with Google (NASDAQ:GOOGL) Cloud, enhancing operational efficiencies. Analysts from firms like Canaccord Genuity and Evercore ISI anticipate Waystar’s ability to sustain growth, citing its strong adjusted EBITDA margins and demand for healthcare technology solutions. Despite concerns about sustaining exceptional revenue growth from 2024, Waystar’s strategic initiatives and market positioning suggest continued positive performance.
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