Waystar (NASDAQ:WAY) Stock Sees Unusually High Put Option Buying

Posted by Geri Gentry on Oct 30th, 2026

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) saw unusually large options trading activity on Friday. Stock traders purchased 3,100 put options on the stock. This represents an increase of 969% compared to the average daily volume of 290 put options.

Insider Activity

In other news, CEO Matthew Hawkins sold 82,500 shares of Waystar stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the sale, the chief executive officer owned 1,804,794 shares in the company, valued at $47,339,746.62. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 247,500 shares of company stock valued at $6,370,499 over the last ninety days. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Waystar

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its position in Waystar by 310.6% in the third quarter. Salomon & Ludwin LLC now owns 1,010 shares of the company’s stock valued at $26,000 after purchasing an additional 764 shares in the last quarter. Root Financial Partners LLC raised its holdings in Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after acquiring an additional 1,036 shares during the period. Essential Partners LLC grew its holdings in Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after buying an additional 1,447 shares in the last quarter. OP Asset Management Ltd bought a new position in Waystar during the first quarter worth about $58,000. Finally, GAMMA Investing LLC raised its holdings in Waystar by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,692 shares of the company’s stock valued at $68,000 after acquiring an additional 465 shares in the last quarter.

Analyst Upgrades and Downgrades

WAY has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Waystar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Wells Fargo & Company cut their target price on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. UBS Group cut their price target on Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, KeyCorp increased their price target on Waystar from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.90.

Get Our Latest Report on Waystar

Waystar Price Performance

NASDAQ WAY traded down $0.08 on Friday, hitting $28.13. 319,528 shares of the company were exchanged, compared to its average volume of 2,533,760. The firm has a 50 day moving average of $26.10 and a two-hundred day moving average of $24.00. Waystar has a 1-year low of $17.26 and a 1-year high of $38.10. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The company has a market cap of $5.39 billion, a P/E ratio of 40.31, a P/E/G ratio of 1.13 and a beta of 0.18.

Waystar (NASDAQ:WAY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $319.67 million during the quarter, compared to analysts’ expectations of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, equities analysts predict that Waystar will post 1.47 EPS for the current year.

Waystar Company Profile

(Get Free Report)

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company’s products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.