Rtw Investments 13F: New $30M Stake in Waystar (WAY)

RTW Investments has taken a new position in WAY, acquiring 1.63 million shares. This investment, valued at approximately $29.96 million, was reported in a recent SEC filing. This marks RTW's first stake in the company, as the shares before this acquisition were zero.

What Changed in RTW Investments' WAY Position

RTW Investments' move to acquire 1.63 million shares of WAY is a significant new position, valued at roughly $29.96 million. With no previous holdings reported, this marks a fresh entry into WAY for RTW.

Other Institutional Activity in WAY

EQT Fund Management S.A R.L. holds the largest stake, with 24.88 million shares valued at $599.84 million, unchanged in recent reports. The Canada Pension Plan Investment Board also maintained its position at 19.03 million shares, worth $458.70 million. Meanwhile, BlackRock, Inc. increased its holdings by 199,492 shares, now holding 16.67 million shares valued at $401.81 million. FMR LLC made a more significant addition, boosting its holdings by 925,310 shares to a total of 14.96 million shares, valued at $360.74 million.

Waystar Holding Corp. Stock Down 28.4%

Shares of WAY traded near $18.38 recently. The cost basis for RTW Investments' position is $26.11, indicating a strategic entry point. The stock's performance and valuation metrics, such as P/E ratio and moving averages, were not detailed in the latest data.

Insider Buying and Selling at Waystar Holding Corp.

Several insiders, including Chief Executive Officer Matthew Hawkins, were involved in stock sales on June 9, 2026. Hawkins sold 47,754 shares at an average price of $19.23. Other executives such as Chief Financial Officer Steven Oreskovich and Chief Technology Officer Christopher Schremser also sold shares, totaling 12,583 and 14,751 shares respectively.

Analysts Set New Price Targets

On May 20, 2026, Barclays maintained its 'buy' rating on WAY, setting a price target of $25. Citigroup echoed this sentiment on May 5, maintaining its 'buy' rating with a higher target of $30. JP Morgan and UBS also maintained 'buy' ratings with targets of $38 and $37, respectively, on April 30. The overall analyst consensus suggests a positive outlook with a mean target price reflecting potential growth.

About WAY

WAY operates in a sector not specified in the latest data. As a publicly traded company, it engages in various business activities, though specific details on its operations, headquarters, and leadership were not provided in the current filing.

Bottom Line

RTW Investments' new position in WAY reflects a strategic investment at a time when the company's stock is trading below RTW's cost basis. Investors track such filings to gauge institutional confidence in the stock's future. It's important to remember that 13F filings are backward-looking and may not represent current positions.