NYAX Nayax Ltd.

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Jun 2, 2026 Processed 14d 15h ago
Insider cluster: 2 insiders, $1.3M total
Latest settled — T+5d
NYAX ▼ -6.61% at T+5d
NEUTRAL call ✗ call lost -6.61% · α vs SPY -3.65% · entry $68.80 → $64.25
Next anchor: T+20d in 14d
Currently $65.80 · -4.36% 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 14d ago
T+5d
-6.61%
call -6.61% · α -3.65%
$64.25
settled 8d ago
T+20d
call — · α —
in 14d
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
8d ago
Insider Cluster
NEUTRAL ★ 3/10
$65.64 $67.53▲ +2.88%▲ +0.77%$65.80 (+0.24%)
Jun 8, 2026
8d ago
Insider Cluster
NEUTRAL ★ 3/10
$65.64 $67.53▲ +2.88%▲ +0.77%$65.80 (+0.24%)
Jun 8, 2026
8d ago
Insider Cluster
NEUTRAL ★ 4/10
$65.64 $67.53▲ +2.88%▲ +0.77%$65.80 (+0.24%)
Jun 2, 2026
14d ago
Insider Cluster
NEUTRAL ★ 3/10
$68.80 $64.25▼ −6.61%▼ −3.65%$65.80 (−4.36%)
May 20, 2026
27d ago
Insider Cluster
NEUTRAL ★ 2/10
$66.81 $74.31▲ +11.23%▲ +9.99%$65.80 (−1.51%)
May 19, 2026
28d ago
6-K
NEUTRAL ★ 2/10
$66.81 $74.31▲ +11.23%▲ +9.99%$65.80 (−1.51%)
May 19, 2026
28d ago
Insider Cluster
NEUTRAL ★ 3/10
$67.00 $75.15▲ +12.16%▲ +9.92%$65.80 (−1.79%)
May 18, 2026
29d ago
Insider Cluster
NEUTRAL ★ 2/10
$63.78 $70.68▲ +10.82%▲ +9.20%$65.80 (+3.17%)
May 12, 2026
5w ago
6-K
BULLISH ★ 7/10
$71.39 $63.78▼ −10.65%▼ −10.73%$65.80 (−7.82%)
May 12, 2026
5w ago
Press Release
BULLISH ★ 7/10
$71.39 $63.78▼ −10.65%▼ −10.73%$65.80 (−7.82%)
Showing 10 of 15

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