Topline Capital Partners acquired 969,631 shares in 2 transactions totaling $6.1M, raising stake to 9.02M shares (+12.0% pre-transaction holdings)
Topline Capital Partners executed 2 separate purchases of 553,591 and 416,040 shares at $6.31 and $6.30 respectively, expanding its 10% ownership position in Cognyte Software by $6,114,211.21. The blended average purchase price of $6.31 coincides exactly with the current market price, suggesting the filing reflects recent activity. The timing follows significant stock weakness: the shares are 25.0% below the 52-week high of $8.41 and down 13.0% over 30 days and 19.5% over 90 days. The insider's cross-ticker track record shows 20 prior open-market buys with an average 90-day return of 24.2% and a 68.75% win rate, establishing a pattern of profitable accumulation decisions historically. The scale of this purchase—adding 969,631 shares to bring total holdings to 9,020,184 shares—represents material position-building by a significant shareholder.