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In a recent transaction, Derby LuxCo S.a r.l., a significant stakeholder in Waystar Holding Corp. (NASDAQ:WAY), sold 9,830,143 shares of common stock at a price of $40 per share, below the current market price of $42.35. The total value of this sale amounted to approximately $393.2 million. Following the transaction, Derby LuxCo continues to hold 38,828,374 shares in the $7.19 billion market cap company, which has delivered an impressive 101.79% return over the past year. According to InvestingPro data, analysts maintain a strong buy consensus on the stock.
The shares were sold as part of a strategic move by Derby LuxCo, which is wholly owned by the EQT VIII fund. EQT Fund Management S.a r.l. manages the fund, with its board overseeing the investment vehicles involved. Both Derby LuxCo and EQT Fund Management maintain that the transaction does not imply beneficial ownership of all securities covered, except where pecuniary interest is involved. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.55, indicating robust liquidity.
This significant sale marks a notable financial maneuver for Derby LuxCo, reflecting its ongoing investment strategy in Waystar Holding Corp., a company specializing in computer integrated systems design that has achieved 19.28% revenue growth in the last twelve months. InvestingPro subscribers have access to 11 additional key insights about WAY’s performance and prospects through exclusive ProTips.
In other recent news, Waystar Holding Corp. reported strong 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, contributing to a positive outlook for 2025 with projected revenue growth of 7% to 10%. Additionally, 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, though the proceeds will not benefit the company directly. Analyst firms such as Goldman Sachs and Evercore ISI have raised their price targets for Waystar to $52 and $50, respectively, maintaining a Buy rating due to the company’s consistent performance and robust financial health.
Canaccord Genuity also increased its price target to $50, noting Waystar’s strategic growth and innovation in collaboration with Google (NASDAQ:GOOGL) Cloud. The firm’s analyst emphasized the company’s ability to maintain strong adjusted EBITDA margins of around 40%. Waystar’s recent developments include launching AI-driven products to enhance operational efficiencies, further solidifying its market position. Analysts from these firms anticipate continued growth for Waystar, driven by its technological advancements and strategic market positioning. These developments come amid a backdrop of advantageous market conditions following a cyberattack on a competitor, which has led to an influx of new clients for Waystar.
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