Feed / Theme
Confirmed

Cybersecurity Software

12 names are moving together; 50% are participating in the current session.

1 observed Confirmed episode

Co-movement

Observed member paths adjusted against SPY. Shading marks the latest observation window.

Members

TICKERCompanySectorTodayObserved activity
BILLBILL Holdings, Inc.Technology+3.6%Group member
ALKTAlkami Technology, Inc.Technology+2.0%Group member
CLBTCellebrite DI Ltd.Technology+1.3%Group member
GWREGuidewire Software, Inc.Technology+3.0%Group member
PCORProcore Technologies, Inc.Technology+1.6%Group member
FIGFigma, Inc.Technology+12.0%Group member
PEGAPegasystems Inc.Technology+2.3%Most structurally connected
SAPSAP SETechnology+1.4%Group member
NCNOnCino, Inc.Technology+2.3%Group member
VRNSVaronis Systems, Inc.Technology+2.1%Group member
AMPLAmplitude, Inc.Technology+1.8%Group member
TTANServiceTitan, Inc.Technology+3.4%Group member

Why we believe this

Cohort

12 names

Participation

50% this session

Observed history

16 daily builds

Filing coverage

10/12 members

product pipeline / R&D affecting expense

“Year Ended December 31, 2025 2024 Revenue 100 % 100 % Cost of revenue 26 % 26 % Gross margin 74 % 74 % Operating expenses: Research and development 28 % 33 % Sales and marketing 55 % 56 % General and administrative 19 % 21 % Total operating expenses 102 % 110 % Loss from operations (28 )% (36 )% Other income (expense), net 3 % 5 % Loss before provision for (benefit from) income taxes (25 )% (31 )% Provision for (benefit from) income taxes 1 % 1 % Net loss (26 )% (32 )% Note: Certain figures may not sum due to rounding 60 Comparison of Fiscal Years Ended December 31, 2025 and 2024 Revenue Year Ended December 31, 2025 2024 $ Change % Change (in thousands, except percentages) Revenue $ 343,214 $ 299,272 $ 43,942 15 % Revenue increased $43.9 million or 15%, in the year ended December 31, 2025 compared to the year ended December 31, 2024.”

AMPL 10-K

restructuring

“Loss on Impairment of Intangible Assets Loss on impairment of intangible assets was $1.7 million for the year ended December 31, 2025, related to impairment of certain historical developed technology intangible assets, customer relationship intangible assets, and capitalized developed software assets (included in property and equipment, net on the consolidated balance sheets) as a result of the acquisition of MANTL.”

ALKT 10-K

credit / rates affecting interest expense

“Other income and expenses (Dollars in thousands) Three Months Ended March 31, Change 2026 2025 Foreign currency transaction gain (loss) $ 1,850 $ (5,325) $ 7,175 * Interest income 2,954 5,335 (2,381) (45) % Interest expense (44) (1,027) 983 96 % (Loss) on capped call transactions — (223) 223 100 % Other (loss) income, net (2,204) 561 (2,765) * $ 2,556 $ (679) $ 3,235 * * Not meaningful • The changes in foreign currency transaction gain (loss) in the three months ended March 31, 2026 were primarily due to fluctuations in foreign currency exchange rates associated with foreign currency-denominated receivables and intercompany balances held by our subsidiary in the United Kingdom.”

PEGA 10-Q

This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.

Connected, outside the group

CRM

NCNOsupplier · Moving with the group now · 115 min observed

Filing receipt · CRM / NCNO

“Cost of subscription revenues consists of fees paid to Salesforce for access to the Salesforce Platform, including Salesforce’s hosting infrastructure and data center op…”

NCNO · supplier
JPM

BILLcustomer · Not moving with the group now

Filing receipt · JPM / BILL

“As of December 31, 2025, our partners included some of the most trusted brands in the financial services business, including more than 85 of the top 100 accounting firms…”

BILL · customer
AXP

BILLcustomer · Not moving with the group now

Filing receipt · AXP / BILL

“As of December 31, 2025, our partners included some of the most trusted brands in the financial services business, including more than 85 of the top 100 accounting firms…”

BILL · customer
ACN

NCNOpartner · Moving with the group now · 115 min observed

Filing receipt · ACN / NCNO

“For enterprise FIs, we generally work with system integration (“SI”) partners such as Accenture, Deloitte, and PwC for the delivery of professional services for the nCin…”

NCNO · partner
PAY

BILLtext peer · Moving with the group now · 115 min observed

No filing excerpt is available for this relationship.

History

2026-06-291 observed active session · 100% of active names held across the episode