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EdgarHawk

Topline Capital Partners, LP

10% Owner

10% Owner
9 filings analyzed · 6 companies · Latest 2025-06-30

Companies

Company Buys Sells Direction
Optex Systems Holdings Inc OPXS 0 3 Net selling
GREEN DOT CORP GDOT 4 3 Net buying
Paysign, Inc. PAYS 0 3 Net selling
NERDWALLET, INC. NRDS 2 0 Net buying
Cognyte Software Ltd. CGNT 2 0 Net buying
ISSUER DIRECT CORP ACCS 4 0 Net buying

Activity

June 2025
medium
Sell
88,645 shares
$1,012,297
Significance 5/10

Topline Capital Partners (10% owner) sells 88,645 shares for $1,012,297.15 as stock hits 52-week high of $11.49

Topline Capital Partners executed 3 separate sales totaling 88,645 shares for $1,012,297.15 across three trading days (June 26-30, 2025) at prices ranging from $11.07 to $11.68, with a blended average of $11.42. The sales reduced the 10% owner's holdings by 11.4% from 779,901 to 691,256 shares, occurring as the stock touched its 52-week high of $11.49 and after substantial recent momentum (90-day gain of +99.8%). Across Topline's cross-ticker trading history, their prior sell transactions have posted a 60.00% well-timed rate with an average 90-day return of -18.6%, though this metric reflects historical performance across multiple securities and not predictive power for OPXS specifically. The sale occurs in a company with modest fundamentals (Revenue $10,730,000, Net income $1,768,000, P/E 16.18), leaving the question of whether the sale reflects reassessment of the valuation at peak pricing or portfolio rebalancing against other interests.

December 2024
2024-12-31 GREEN DOT CORP GDOT
high
Sell
959,180 shares
$10,071,696
Significance 5/10

Topline Capital Partners sells 959,180 shares (15.1% of holdings) across 3 transactions for $10.1M, reducing stake below 5.4M shares.

Topline Capital Partners, a 10% owner, executed 3 separate sales totaling 959,180 shares for $10,071,696.10 between December 27–31, 2024, at a blended average price of $10.50, reducing post-transaction holdings to 5,376,787 shares. The current price of $10.64 is 19.9% below the 52-week high of $13.28 and up 3.6% over the past 30 days, suggesting the shares were sold near recent lows rather than at a peak. Green Dot's financials show net income of $-7,840,000.00 on revenue of $409,743,000.00, indicating operational headwinds that may context the sale. The timing of a 15.1% portfolio reduction warrants investor attention, particularly given the stock's distance from its 52-week high and the company's current unprofitability.

2024-12-31 Paysign, Inc. PAYS
medium
Sell
479,105 shares
$1,525,504
Significance 4/10

Topline Capital Partners sells 479,105 PAYS shares across 3 trades (Dec 27-31) for $1,525,503.87 at blended $3.18; holdings fall to 5.61M shares

Topline Capital Partners, a 10% shareholder, executed 3 separate sales totaling 479,105 shares for $1,525,503.87 between December 27–31, 2024, reducing holdings by 7.9% to 5.61M shares. The sales occurred at prices ranging from $3.03 to $3.31, with a blended average of $3.18, while the current price stands at $3.02—below the transaction range. The stock has declined 10.9% over 30 days and 17.6% over 90 days, trading 44.9% below its 52-week high of $5.48. On the broader context, the company shows positive fundamentals (Revenue $15.3M, net income $1.4M, +24.3% annual revenue growth, P/E 20.13) but the insider's historical pattern across all tickers shows modest cross-ticker results (17 prior buys averaging +5.0% 90-day return; 3 prior sells). The filing itself reflects a liquidation of less than 8% of a major stake rather than a complete exit, leaving the filer as a substantial shareholder.

November 2024
2024-11-12 GREEN DOT CORP GDOT
medium
Buy
178,302 shares
$1,941,124
Significance 4/10

Topline Capital (10% owner) buys 178,302 shares at $10.89 blended; current price $11.39, up 6.8% over 90 days

Topline Capital Partners executed two separate purchases totaling 178,302 shares for $1,941,124.50, increasing holdings from 6,157,665 to 6,335,967 shares (+2.9%). The blended purchase price of $10.89 sits below the current price of $11.39, and the stock has gained 6.8% over the past 90 days. However, the insider's prior trades at GDOT (September 23 and 24) both showed negative 30-day returns (-6.6% and -3.1%), suggesting inconsistent timing results at this specific ticker despite a cross-ticker track record showing 58.33% accuracy over 90 days. The company currently reports negative net income of $-7,840,000.00, which warrants consideration alongside the insider's accumulation activity.

October 2024
2024-10-23 NERDWALLET, INC. NRDS
medium
Buy
461,777 shares
$5,275,974
Significance 6/10

Topline Capital (10% owner) purchases 461,777 shares for $5,275,974.35 across 2 transactions at $11.43 blended average

Topline Capital Partners acquired 461,777 shares (461.8K shares) across two open-market purchases on 2024-10-21 and 2024-10-22 for a combined $5,275,974.35 ($5.3M), raising its stake from 4,789,368 shares to 5,251,145 shares (+9.6%). The purchases occurred at a blended average price of $11.43, which is $0.42 above the current price of $11.01 and well below the 52-week high of $16.98; the stock has declined 14.0% over the past 30 days and 30.8% over 90 days. Across the insider's cross-ticker open-market history, 20 prior buy transactions averaged a 90-day return of +18.4% with a 90-day win rate of 64.29%, though this historical pattern does not establish forward expectations at this specific ticker. The company generated $150.6M in quarterly revenue with $-9.4M in net income, reflecting unprofitability, though annual revenue growth stands at +11.2%.

2024-10-01 GREEN DOT CORP GDOT
medium
Buy
198,914 shares
$2,383,845
Significance 6/10

Topline Capital Partners, 10% owner, buys 198,914 shares over 2 days for $2.4M as stock trades -20.9% from 52-week high

Topline Capital Partners, a 10% shareholder in Green Dot Corp, executed 2 separate purchases totaling 198,914 shares for $2,383,845.20 at a blended average price of $11.98, increasing holdings by 3.3% to 6,157,665 shares. The timing coincides with the stock trading -20.9% from its 52-week high of $13.93 and near the lower end of the 52-week range ($7.68–$13.93). Notably, the company is unprofitable on a quarterly basis (net income $-28.7M against revenue of $407.1M) with modest annual growth of 3.6%, contextualizing the stock's weakness. Topline's historical track record across all tickers shows 20 prior open-market buys with a 68.75% 90-day win rate and average 90-day return of +21.6%, though this does not guarantee performance at this specific ticker or provide timing insight into this particular filing.

September 2024
2024-09-12 Cognyte Software Ltd. CGNT
high
Buy
969,631 shares
$6,114,211
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.

August 2024
2024-08-29 ISSUER DIRECT CORP ACCS
medium
Buy
23,940 shares
$231,474
Significance 6/10

Topline Capital (10% owner) purchases 23,940 shares at blended avg $9.67, accumulating to 709,264 shares (+3.5%)

Topline Capital Partners executed 2 separate open-market purchases totaling 23,940 shares for $231,473.54 on consecutive days (2024-08-27 to 2024-08-28) at prices ranging from $9.65 to $9.76. The blended average price of $9.67 sits 10% below the current price of $10.73 and 55% below the 52-week high of $21.50. At the same-ticker level, Topline's prior 5 trades at ISDR show mixed 90-day outcomes: only 1 of 3 measurable trades generated positive 90-day returns (+5.7%), while 2 of 3 declined (-0.1% and -3.4%), indicating inconsistent timing in this stock historically. The company's latest quarterly revenue of $7,687,000.00 and net income of only $7,000.00 reflect a compressed margin profile; the P/E of 53.65 reflects significant valuation premium relative to current earnings generation. The transaction occurred within the 30-day rally (+17.1%), but longer-term tracking (90-day +10.6%) and historical same-ticker patterns suggest this insider's buy timing at ISDR has not been reliably predictive.

June 2024
2024-06-28 ISSUER DIRECT CORP ACCS
medium
Buy
27,213 shares
$212,935
Significance 4/10

Topline Capital Partners (10% owner) bought 27,213 shares in 2 transactions for $212,935.47 at blended avg $7.82 on 2024-06-26/27.

Topline Capital Partners executed 2 separate purchases totaling 27,213 shares (27.2K shares) for $212,935.47 ($212.9K) at a blended average price of $7.82, increasing its stake by 4.1% to 685,324 shares. The timing context is noteworthy: the stock has declined -17.7% over the past 30 days and -39.3% over 90 days, trading at -65.5% below its 52-week high of $22.72. However, the insider's cross-ticker track record shows a 93.33% win rate with average 90-day returns of +42.6%, which contrasts sharply with its same-ticker history at ISDR: all 5 prior buys at this ticker over May 2024 have remained underwater at the 30-day mark (ranging from -5.2% to -15.5% losses), with no measurable 90-day outcomes yet available. This divergence between strong cross-ticker performance and persistent underperformance on this specific holding warrants close observation of whether market fundamentals have shifted or whether the timing pattern continues.

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