NYAX Nayax Ltd.

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Jun 2, 2026 Processed 12d 16h ago
Insider cluster: 2 insiders, $1.3M total
Latest settled — T+1d
NYAX ▼ -0.78% at T+1d
NEUTRAL call ✗ call lost -0.78% · α vs SPY -0.09% · entry $68.80 → $68.26
Next anchor: T+5d due 6d ago
Last close $67.84 (close Jun 12) · -1.40% from $68.80 entry
Entry anchored
Jun 2, 09:57 AM ET
via Databento tick
T+1d
-0.78%
call -0.78% · α -0.09%
$68.26
settled 12d ago
T+5d
call — · α —
due 6d ago
T+20d
call — · α —
in 16d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Two Nayax insiders—CTO and CSO—sold a combined ~$1.3M in open-market sales over a 5-day window, led by the CTO disposing of ~30K shares worth ~$2.3M (combining two trades). Total cluster value is 0.05% of the $2.8B market cap, below the 0.1% triviality threshold. The CTO's sales occurred near the all-time-high stock price range ($74–$77), which is the most plausible explanation rather than a coordinated bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$2.3M
Insiders
2

Actionable Insight

Sales are trivial relative to market cap and near a multi-year stock high. The CTO's large sale may reflect personal diversification at elevated prices rather than negative outlook. No change to investment thesis; continue monitoring for any Form 4 filings that include 10b5-1 plan designation to confirm non-discretionary nature.

Key Facts

  • CTO Ben-Avi sold 30,186 shares total across two trades (May 28–29) at ~$74.93–$76.48, aggregate ~$2.29M
  • CSO Greenberg sold 440 shares on June 1 at $73.31 for ~$32K
  • Total cluster value is approximately $2.32M, representing ~0.08% of the $2.8B market cap
  • Stock is trading near all-time highs with 78% analyst bullish rating (7 of 9 Strong Buy/Buy)
  • Historical performance on NYAX filings shows 100% win rate at T+20, but all recent reads were neutral/score 2–3

Financial Impact

Total insider sales of ~$2.3M, less than 0.1% of market cap

Risk Factors

  • Insiders could accelerate selling if stock continues to rally, creating secondary overhang
  • If a future Form 4 discloses a 10b5-1 plan, these sales would be confirmed as routine—no risk; but without such designation, perception risk remains
  • Large CTO sale near peak price may raise scrutiny from retail investors on social media

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
78% bullish (9 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NYAX-1780417926291
15 reports for NYAX
Performance horizon
33% Hit rate 1 of 3 directional calls best @ T+60▲ +22.79%Mar 9, 2026
Filters
Rows
Reports for NYAX — sortable, filterable
Type Now
Jun 8, 2026
6d ago
Insider Cluster
NEUTRAL ★ 3/10
$65.43 awaiting T+1awaiting T+1$67.84 (+3.68%)
Jun 8, 2026
6d ago
Insider Cluster
NEUTRAL ★ 3/10
$65.43 awaiting T+1awaiting T+1$67.84 (+3.68%)
Jun 8, 2026
6d ago
Insider Cluster
NEUTRAL ★ 4/10
$65.43 awaiting T+1awaiting T+1$67.84 (+3.68%)
Jun 2, 2026
12d ago
Insider Cluster
NEUTRAL ★ 3/10
$68.80 $68.26▼ −0.78%▼ −0.09%$67.84 (−1.40%)
May 20, 2026
25d ago
Insider Cluster
NEUTRAL ★ 2/10
$66.81 $67.03▲ +0.33%▲ +0.14%$67.84 (+1.54%)
May 19, 2026
26d ago
6-K
NEUTRAL ★ 2/10
$66.81 $67.03▲ +0.33%▲ +0.14%$67.84 (+1.54%)
May 19, 2026
26d ago
Insider Cluster
NEUTRAL ★ 3/10
$67.00 $66.81▼ −0.28%▼ −1.32%$67.84 (+1.25%)
May 18, 2026
27d ago
Insider Cluster
NEUTRAL ★ 2/10
$63.78 $67.00▲ +5.05%▲ +5.70%$67.84 (+6.37%)
May 12, 2026
4w ago
6-K
BULLISH ★ 7/10
$71.39 $68.51▼ −4.03%▼ −4.60%$67.84 (−4.97%)
May 12, 2026
4w ago
Press Release
BULLISH ★ 7/10
$71.39 $68.51▼ −4.03%▼ −4.60%$67.84 (−4.97%)
Showing 10 of 15

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