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Waystar Holding Corp (NASDAQ:WAY), a $6.4 billion market cap company with a GREAT financial health score according to InvestingPro, saw its Chief Transformation Officer Bridge T. Craig sell 85,000 shares of common stock on July 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $37.0922, for a total value of $3,152,837. Prices for the sales ranged from $36.36 to $37.42. The stock has shown impressive performance, delivering a 59% return over the past year, though InvestingPro analysis indicates the stock is currently overvalued.
Following the transaction, Bridge T. Craig directly owns 682,843 shares of Waystar Holding Corp, which includes unvested RSUs.
The sales were executed automatically under a Rule 10b5-1(c) trading plan adopted on November 27, 2024.
In other recent news, Waystar Holding Corp. has seen several significant developments. The company is preparing for its second-quarter earnings report, with Canaccord Genuity maintaining a Buy rating and setting a price target of $47.00. Mizuho (NYSE:MFG) has initiated coverage with an outperform rating and a price target of $48.00, noting Waystar’s strong market performance following a competitor’s cyberattack. In governance updates, Waystar appointed Aashima Gupta from Google (NASDAQ:GOOGL) Cloud and Michael Roman, former CEO of 3M, to its Board of Directors. Fitch Ratings has upgraded Waystar’s Long-Term Issuer Default Rating to ’BB’, citing reduced leverage expectations. Similarly, S&P Global Ratings improved its issuer credit rating to ’BB-’, highlighting Waystar’s stronger market position and decreased leverage. Additionally, major shareholders EQT (ST:EQTAB) Partners, Bain Capital, and the Canada Pension Plan Investment Board have reduced their combined ownership in Waystar, selling 14.4 million shares. These developments indicate ongoing strategic adjustments and financial evaluations within the company.
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