Nayax CTO David Ben-Avi Sells Shares Amid Stock Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: NASDAQ.COM
- Share Sale Details: Nayax CTO David Ben-Avi sold 28,770 shares in two open-market transactions on May 28 and 29, 2026, totaling approximately $2.18 million, reducing his direct holdings to 6,589,134 shares, a 0.4% decrease.
- Transaction Context: The share sale occurred as Nayax's stock surged, hitting a 52-week high of $76.86 on May 29, indicating a strategic decision by Ben-Avi to sell at a peak, while retaining 6.6 million shares, reflecting his continued confidence in the company.
- Performance Drivers: Nayax reported first-quarter sales of $107 million in 2026, marking a 32% year-over-year growth, primarily driven by crossing an installed base of 1.5 million devices, which increased transaction volumes through its platform.
- Future Outlook: The company forecasts 2026 revenue between $510 million and $520 million, up from $400.4 million in 2025, highlighting significant growth potential in the unattended retail payment management sector.
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Analyst Views on NYAX
Wall Street analysts forecast NYAX stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 66.330
Low
48.00
Averages
50.00
High
52.00
Current: 66.330
Low
48.00
Averages
50.00
High
52.00
About NYAX
Nayax Ltd is an Israel-based fintech company. The Company provides payment processing and business operations software solutions and services for retailers through its global cashless payment platform Nayax. Company's platform enables localized cashless payment acceptance, management suite, and consumer engagement tools, enabling merchants to conduct commerce anywhere, at any time. It's product portfolio includes POS and Cashless Payments including product such as, NOVA 156, Nova 45, Nova 55; Management Suite and Telemetry with products Amit 3.0 Vending Machine Monitoring and Telemetry System, MoMa, The Hive; Marketing, Loyalty and Consumer Engagement Platform that consists product such as, Omni-Channel Solutions, Weezmo, Monyx Wallet among others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Share Sale Details: Nayax CTO David Ben-Avi sold 28,770 shares in two open-market transactions on May 28 and 29, 2026, totaling approximately $2.18 million, reducing his direct holdings to 6,589,134 shares, a 0.4% decrease.
- Transaction Context: The share sale occurred as Nayax's stock surged, hitting a 52-week high of $76.86 on May 29, indicating a strategic decision by Ben-Avi to sell at a peak, while retaining 6.6 million shares, reflecting his continued confidence in the company.
- Performance Drivers: Nayax reported first-quarter sales of $107 million in 2026, marking a 32% year-over-year growth, primarily driven by crossing an installed base of 1.5 million devices, which increased transaction volumes through its platform.
- Future Outlook: The company forecasts 2026 revenue between $510 million and $520 million, up from $400.4 million in 2025, highlighting significant growth potential in the unattended retail payment management sector.
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- Transaction Overview: CTO David Ben-Avi sold 28,770 shares of Nayax on May 28 and 29, 2026, in multiple open-market transactions valued at approximately $2.2 million, retaining 6,589,134 shares post-sale worth about $499.7 million.
- Holding Proportion Analysis: The sale represented 0.43% of Ben-Avi's direct common stock holdings, indicating a minor fraction of his overall position, which aligns with routine portfolio management strategies and reflects confidence in the company's future.
- Recent Trading Activity: This 28,770-share sale is consistent with Ben-Avi's trading pattern, having sold a total of 58,956 shares since March 16, 2026, with an average trade size of approximately 29,478 shares, suggesting that the sale is not an alarming event.
- Company Performance: Nayax reported first-quarter sales of $107 million in 2026, marking a robust 32% year-over-year growth, and forecasts revenue between $510 million and $520 million for 2026, highlighting strong growth potential in the unattended retail sector.
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- Share Sale Overview: Sever Michal, CMO of Nayax Ltd., executed the exercise of 5,000 stock options and immediate sale on May 15, 2026, for a transaction value of approximately $322,000, representing 22.42% of his direct holdings, indicating confidence in the company's future.
- Market Reaction Analysis: The average purchase price per share was $64.32, while the market close on May 17, 2026, was $63.39, suggesting that despite the executive's sale, the market valuation of Nayax remains relatively stable without significant price impact.
- Business Model Insight: Nayax specializes in cashless payment platforms and telemetry solutions for the unattended retail sector, leveraging integrated hardware and software to drive digital transformation, with a low annual churn rate of 2.8%, indicating strong customer retention.
- Competitive Landscape Assessment: While Nayax faces competition from Cantaloupe, it has a broader international reach, and potential threats from Adyen and Stripe loom; however, rebuilding Nayax's operational layer would take years, making short-term risks manageable.
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- Stock Option Exercise: Nayax's CMO Sever Michal exercised 5,000 stock options and sold the shares on May 15, 2026, with a transaction value of approximately $322,000, indicating a need for liquidity rather than a discretionary reduction in long-term holdings.
- Ownership Change: Following the transaction, Michal's direct ownership decreased from 22,306 to 17,306 shares, representing a reduction of about 22.4%, which suggests a diminished direct influence within the company.
- Market Performance Comparison: The weighted average sale price of $64.32 per share was slightly above the market close of $63.39 on May 15, 2026, reflecting market confidence in Nayax's stability.
- Company Overview: Nayax is a global fintech provider specializing in cashless payment platforms and telemetry solutions, with a market capitalization of $2.36 billion and annual revenue of $426 million, showcasing strong growth potential in the automated retail sector.
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- Enhanced Product Discovery: Nayax's newly launched product discovery and personalization capabilities leverage its proprietary AI engine to help retailers increase revenue through real-time data and intelligent recommendations, which is expected to significantly improve customer engagement.
- Data Integration Advantage: The new solution integrates data from points of sale, eCommerce, and marketing systems, addressing the fragmented data challenges retailers face, thereby enhancing customer lifetime value and conversion rates.
- Intelligent Search Features: The integrated AI-powered visual and text search capabilities enable retailers to capture intent at the moment of product discovery, converting it into revenue across online, in-store, and marketing channels, thus enhancing market competitiveness.
- Strategic Market Positioning: Nayax's new platform not only provides payment solutions but also empowers retailers with real-time action capabilities by integrating personalization tools, marking a significant shift in retail technology and enhancing customer experience and business growth potential.
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