Top 10 Insider Sales Last Month

1. Waystar Holding Corp. (NASDAQ:WAY)

Total value of insider sales in February: $1,138,134,041.84

Market capitalization: $6.35 billion

The first stock among those with top 10 insider sales last month is a company that creates cloud-based software solutions designed for healthcare payment processing, Waystar Holding. The platform provides various services such as revenue capture, patient financial care, denial prevention and recovery, reporting and analytics, financial clearance, and claims and payment management. Based in Lehi, Utah, the company serves roughly 30,000 clients, covering over 1 million providers and 16 out of 20 institutions on the U.S. News Best Hospitals Honor Roll. Waystar’s platform processes more than 6 billion healthcare payment transactions annually, managing over $1.8 trillion in gross claims and serving about 50% of patients.

In February, six insiders sold a total of $1.14 billion worth of Waystar shares at an average price of $40.39 per share. Currently, the stock is trading at $35.65, having lost 2.86% since the beginning of the year. However, since the company’s IPO in June last year, Waystar stock returned 72.22% to its investors.

For the fourth quarter of 2024, Waystar posted revenue of $244.1 million, marking an 18% increase year-over-year. Net income reached $19.1 million, a significant turnaround from a net loss of $14.42 million in the same quarter of 2023. Adjusted EBITDA was $100.2 million, up from $86.2 million in the corresponding quarter of the previous year.

Looking ahead to 2025, the company projects total revenue between $1.0 billion and $1.016 billion, with adjusted EBITDA expected to range from $399 million to $407 million.

Based on seven Wall Street analysts’ estimates, Waystar is a “Strong Buy” with a price target of $49.86, writes TipRanks.

Overall, WAY ranks first among the top 10 insider sales last month. While we acknowledge the potential of WAY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WAY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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