Rtw Investments Adds $33M in Waystar Holding Corp. ($WAY)
RTW Investments acquired 1.63 million shares of Waystar Holding Corp., marking a new stake in the company.
Key Points
- RTW Investments acquired 1.63 million shares of Waystar Holding Corp., valued at $30.56 million, as per its latest 13F filing.
- Waystar shares traded at $18.75 with a market cap of $3.60 billion. The company has a P/E ratio of 28 and a beta of 0.097.
- Insiders including CEO Matthew Hawkins sold shares recently, while analysts maintain a strong buy consensus with a mean target price of $33.83.
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RTW Investments has taken a new position in Waystar Holding Corp. (NASDAQGS:WAY), acquiring 1.63 million shares valued at approximately $30.56 million. This move was disclosed in the firm's latest 13F filing with the SEC, reflecting its holdings as of the most recent reporting period.
What Changed in RTW Investments' Waystar Holding Corp. Position
RTW Investments' latest filing reveals a new stake in Waystar Holding Corp., with the firm purchasing 1.63 million shares. This acquisition represents a fresh investment, as the firm previously held no shares in the company.
Other Institutional Activity in Waystar Holding Corp.
Several other institutional investors have also been active in Waystar Holding Corp. BlackRock, Inc. increased its holdings by 199,492 shares, ending with a total of 16.67 million shares valued at around $401.81 million. FMR LLC added 925,310 shares, bringing its total to approximately 14.96 million shares worth $360.74 million. Meanwhile, EQT Fund Management S.A R.L. maintained its position with nearly 24.88 million shares valued at $599.84 million.
Waystar Holding Corp. Stock Down 21.8%
Shares of Waystar Holding Corp. (NASDAQGS:WAY) traded at $18.75. The company has a market capitalization of $3.60 billion and a P/E ratio of 28. The stock's beta is low at 0.097, indicating lower volatility compared to the market. Waystar's 52-week range is between $17.89 and $41.47, with a 50-day moving average of $21.45 and a 200-day moving average of $29.55.
Recent Earnings
Waystar reported revenue of $1.16 billion, with a growth rate of 22.4%. The company achieved a net margin of 10.9% and a return on equity of 3.57%. Earnings per share were $0.67. The next earnings report is expected on July 29, 2026.
Insider Buying and Selling at Waystar Holding Corp.
Recent insider activity at Waystar Holding Corp. includes several sales. On June 9, 2026, CEO Matthew Hawkins sold 47,754 shares at an average price of $19.23. Other executives, including CFO Steven Oreskovich and Chief Transformation Officer Craig Bridge, also sold shares on the same day.
Analysts Set New Price Targets
On May 20, 2026, Barclays maintained a buy rating for Waystar with a price target of $25. Citigroup, on May 5, 2026, also maintained a buy rating, setting a target of $30. JP Morgan and UBS both maintained buy ratings on April 30, 2026, with targets of $38 and $37, respectively. The consensus among analysts is a strong buy, with a mean target price of $33.83 based on 23 opinions.
About Waystar Holding Corp.
Waystar Holding Corp., headquartered in Lehi, Utah, develops cloud-based software solutions for healthcare payments. Its platform helps with financial clearance, patient care, claim management, and analytics. Founded in 2017, the company serves the healthcare industry and employs around 1,700 people under the leadership of CEO Matthew J. Hawkins.
Bottom Line
RTW Investments' new stake in Waystar Holding Corp. is a notable addition to its portfolio, reflecting interest in the healthcare technology sector. While 13F filings are backward-looking, they provide insight into institutional sentiment. Waystar's stock performance and insider activities are areas to watch, alongside analysts' positive outlooks.
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