Themes / Group
Building · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Technology Consulting

THE TRADER READShared activity without a clean directional read

Price direction is split across 12 measured members. Capital-flow agreement is 48%, so the basket is not yet clean.

Price breadth11 up · 1 downRelative median unavailable
Capital-flow alignment48%Price breadth is not yet confirmed by flow
Activity nowNormalActivity score 57/100 · lift 1.0×
Evidence depth6 episodes19 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

WED, FEB 18ALRM filing documented shared operating contextrestructuring affecting expense · date precision only

TUE, FEB 24AXON filing documented shared operating contextrestructuring affecting expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

30/31 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AXON, BLND, CARG, CERT, COUR, DASH, DFIN, GDYN, HNGE, MAX, OOMA, PUBM, TDOC, TRUP, WGS.

restructuring affecting expense

“Adjustments resulting from impairment, fair value or observable price changes are recorded in other income / (expense), net in our consolidated statements of operations.”

ALRM 10-K · 2026-02-19
product pipeline / R&D affecting expense

“Research and Development Expenses - The increase in research and development expense was primarily due to increased headcount and third-party personnel, which resulted in an increase of $9.5 million in personnel-related costs, partially offset by $5.2 million due to higher capitalization of software development costs.”

SPSC 10-K · 2026-02-19
credit / rates

“We received net proceeds of $7.0 million on the Revolving Credit Facility, proceeds of $4.1 million from the exercise of stock options and the issuance of common stock under our 2017 Employee Stock Purchase Plan, as amended, and $17.7 million for settlement assets and liabilities due to processing timing.”

ACIW 10-Q · 2025-11-06
CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

FIVNMoving with group

CNXC · text peer

CARSNot confirming

CARG · text peer

TBRGRelationship only · live confirmation unavailable

TDOC · text peer

TTDRelationship only · live confirmation unavailable

PUBM · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
SPSCIIIVALRMZWGSCNXCGIBEVHCARGOOMAEEFTTOSTFLYWCOURBLNDMAXDASHGDYNHNGEAGYSDFINAXONACIWCERT

19/31 active11 rising · 1 falling

MemberUnusual activityToday's moveRead now
SPSCSPS Commerce, Inc.
Most unusual · 100/100
+1.8%
Active; unclassifiedActive in 10.5% of observed group sessions
IIIVi3 Verticals, Inc.
Elevated · 96/100
—
Active; unclassifiedActive in 10.5% of observed group sessions
ALRMAlarm.com Holdings, Inc.
Elevated · 92/100
+0.8%
Active; unclassifiedActive in 0% of observed group sessions
ZZillow Group, Inc.
Elevated · 91/100
+0.4%
Flow confirmerActive in 10.5% of observed group sessions
WGSGeneDx Holdings Corp.
Elevated · 78/100
+5.3%
Active; unclassifiedActive in 5.3% of observed group sessions
CNXCConcentrix Corporation
Elevated · 76/100
—
Active; unclassifiedActive in 10.5% of observed group sessions
GIBCGI Inc.
Elevated · 75/100
+0.8%
Active; unclassifiedActive in 36.8% of observed group sessions
EVHEvolent Health, Inc
Elevated · 74/100
—
Active; unclassifiedActive in 0% of observed group sessions
CARGCarGurus, Inc. Class A Common Stock
Elevated · 72/100
-0.1%
Active; unclassifiedActive in 5.3% of observed group sessions
OOMAOoma, Inc.
Elevated · 60/100
—
Active; unclassifiedActive in 0% of observed group sessions
EEFTEuronet Worldwide, Inc.
Elevated · 55/100
+1.0%
Active; unclassifiedActive in 21.1% of observed group sessions
TOSTToast, Inc.
Elevated · 54/100
+3.7%
Flow confirmerActive in 5.3% of observed group sessions
FLYWFlywire Corporation - Voting
Elevated · 53/100
—
Active; unclassifiedActive in 5.3% of observed group sessions
COURCoursera, Inc.
Elevated · 53/100
—
Active; unclassifiedActive in 5.3% of observed group sessions
BLNDBlend Labs, Inc.
Elevated · 52/100
—
Active; unclassifiedActive in 0% of observed group sessions
MAXMediaAlpha, Inc.
Elevated · 48/100
—
Active; unclassifiedActive in 0% of observed group sessions
DASHDoorDash, Inc.
Elevated · 43/100
+0.5%
Flow confirmerActive in 0% of observed group sessions
GDYNGrid Dynamics Holdings, Inc.
Quiet · 42/100
—
Watch / laggardActive in 0% of observed group sessions
HNGEHinge Health, Inc.
Quiet · 38/100
+3.2%
Watch / laggardActive in 0% of observed group sessions
AGYSAgilysys, Inc.
Quiet · 34/100
—
Watch / laggardActive in 0% of observed group sessions
DFINDonnelley Financial Solutions,
Quiet · 33/100
—
Watch / laggardActive in 10.5% of observed group sessions
AXONAxovant Sciences Ltd. Common Shares
Quiet · 32/100
+2.2%
Watch / laggardActive in 0% of observed group sessions
ACIWACI Worldwide, Inc.
Quiet · 29/100
+0.6%
Watch / laggardActive in 0% of observed group sessions
CERTCertara, Inc.
Quiet · 21/100
—
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
SPSCSPS Commerce, Inc.Most unusual+1.8%10.5% of 19 sessionsMost unusual activity in this snapshot; performance direction may differ.
IIIVi3 Verticals, Inc.Participating—10.5% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
ALRMAlarm.com Holdings, Inc.Participating+0.8%0% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
ZZillow Group, Inc.Participating+0.4%10.5% of 19 sessionsPrice participation with accumulating signed flow.
WGSGeneDx Holdings Corp.Participating+5.3%5.3% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
CNXCConcentrix CorporationParticipating—10.5% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
GIBCGI Inc.Participating+0.8%36.8% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
EVHEvolent Health, IncParticipating—0% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
CARGCarGurus, Inc. Class A Common StockParticipating-0.1%5.3% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
OOMAOoma, Inc.Participating—0% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
EEFTEuronet Worldwide, Inc.Participating+1.0%21.1% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
TOSTToast, Inc.Participating+3.7%5.3% of 19 sessionsPrice participation with accumulating signed flow.
FLYWFlywire Corporation - VotingParticipating—5.3% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
COURCoursera, Inc.Participating—5.3% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
BLNDBlend Labs, Inc.Participating—0% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
MAXMediaAlpha, Inc.Participating—0% of 19 sessionsPrice participation is not yet confirmed by per-name flow.
DASHDoorDash, Inc.Participating+0.5%0% of 19 sessionsPrice participation with accumulating signed flow.
GDYNGrid Dynamics Holdings, Inc.Quiet / lagging—0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
HNGEHinge Health, Inc.Quiet / lagging+3.2%0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
AGYSAgilysys, Inc.Quiet / lagging—0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
DFINDonnelley Financial Solutions,Quiet / lagging—10.5% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
AXONAxovant Sciences Ltd. Common SharesQuiet / lagging+2.2%0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
ACIWACI Worldwide, Inc.Quiet / lagging+0.6%0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.
CERTCertara, Inc.Quiet / lagging—0% of 19 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
moderate structural support

6 completed episodes across 19 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support59 daysHow often the cohort identity was observed
Completed episodes6Separate periods of broad group activity
Active sessions19Completed session observations, not trades
2026-07-07 → 2026-07-093 active sessionsNo name was active through every recorded session
2026-06-24 → 2026-07-026 active sessionsNo name was active through every recorded session
2026-06-16 → 2026-06-183 active sessionsNo name was active through every recorded session
2026-06-101 active session100% composition consistency through the episode
2026-05-14 → 2026-05-152 active sessions42.9% composition consistency through the episode
2026-04-30 → 2026-05-074 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
GIB36.8% · 4 episodes
EEFT21.1% · 3 episodes
CNXC10.5% · 2 episodes
DFIN10.5% · 1 episode
IIIV10.5% · 2 episodes
SPSC10.5% · 1 episode
Z10.5% · 2 episodes
ZG10.5% · 2 episodes
CARG5.3% · 1 episode
COUR5.3% · 1 episode
FLYW5.3% · 1 episode
TOST5.3% · 1 episode
WGS5.3% · 1 episode
ACIW0% · 0 episodes
AGYS0% · 0 episodes
ALRM0% · 0 episodes
AXON0% · 0 episodes
BLND0% · 0 episodes
CERT0% · 0 episodes
DASH0% · 0 episodes
EVH0% · 0 episodes
GDYN0% · 0 episodes
HNGE0% · 0 episodes
MAX0% · 0 episodes
OOMA0% · 0 episodes
PRGS0% · 0 episodes
PUBM0% · 0 episodes
QNST0% · 0 episodes
TDOC0% · 0 episodes
TRUP0% · 0 episodes
YELP0% · 0 episodes