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EdgarHawk

CGNT Cognyte Software Ltd. Insider Trading

2 filings analyzed · Latest 2024-09-12
Insider buys
2
Insider sells
0
Unique insiders
2
Direction
Net buying

Historically, high-priority insider buys have outperformed the S&P 500 by a median ~2% over the 30 days after filing — the edge is concentrated in that first month (n ≈ 5,751, 2021-2026). Past results don't predict the future. How we measure this ↗

September 2024
2024-09-12
high
969,631 shares
$6,114,211
@ $6.31
Significance 7/10

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.

2024-09-12
high
969,631 shares
$6,114,211
@ $6.31
Significance 7/10

Topline Capital bought 969,631 shares of CGNT for $6.1M at $6.31; holdings rose 12.0% to 9.02M shares

Topline Capital Management, LLC executed two separate purchases totaling 969,631 shares for $6,114,211.21 at a blended average price of $6.31, adding 12.0% to its position. The stock has declined 25.0% from its 52-week high and 13.0% over the past 30 days, placing the purchase in a period of downward price pressure. The insider's cross-ticker track record shows consistent success with 20 prior buys averaging 23.2% gains at 30 days and 24.2% gains at 90 days with a 68.75% win rate, establishing a pattern of disciplined accumulation across multiple securities. This filing documents a material engagement at current market levels, though forward-looking interpretation of intent must remain speculative absent additional context.

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