Themes / Group
Active · newly observed relationshipLatest completed snapshot · 16:55 ET

MARKET-DISCOVERED GROUP

Software - Application

THE TRADER READShared activity without a clean directional read

Price direction is split across 24 measured members. Capital-flow confirmation is unavailable.

Price breadth18 up · 5 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowBuilding_pressureActivity score 49/100
Evidence depth0 support daysLow sample—context, not a validated playbook
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, NOV 5ACIW filing documented shared operating contextproduct pipeline / R&D affecting expense · date precision only

WED, AUG 5ALRM filing documented shared operating contextproduct pipeline / R&D 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

28/30 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across BL, BOX, BRZE, CRM, DDOG, DOCU, DPZ, FRSH, GEN, GPN, HUBS, INTA, KVYO, PATH, PCOR, QTWO, TRMB, VERX, ZM.

product pipeline / R&D affecting expense

“37 Table of contents Research and Development R&D expense increased $14.5 million, or 13%, during the nine months ended September 30, 2025, as compared to the same period in 2024, primarily due to higher personnel and related expenses.”

ACIW 10-Q · 2025-11-06
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
credit / rates affecting interest expense

“Other Income, (Loss), Net Other income, (loss), net consists of interest income, primarily due to income earned on money market funds included in cash and cash equivalents and on marketable securities, partially offset by interest expense on the Notes and amortization of premiums on our marketable securities.”

DDOG 10-Q · 2026-08-06
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
CRM → SLVPositive historical lead/lag · strength 0.14

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

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
QTWOWKKVYOCRMACIWAVPTGENBOXTOSTPATHGPNALRMBRZESPSCPCORNICEFRSHHUBSBLBILLPEGAVERXTRMBDOCU

26/30 active18 rising · 6 falling

MemberUnusual activityToday's moveRead now
QTWOQ2 Holdings, Inc.
Elevated · 96/100
+1.0%
Active; unclassifiedHistorical role unavailable
WKWorkiva Inc.
Elevated · 84/100
+3.5%
Active; unclassifiedHistorical role unavailable
KVYOKlaviyo, Inc.
Elevated · 81/100
+7.5%
Active; unclassifiedHistorical role unavailable
CRMSalesforce, Inc.
Elevated · 80/100
+2.5%
Active; unclassifiedHistorical role unavailable
ACIWACI Worldwide, Inc.
Elevated · 78/100
-1.5%
Active; unclassifiedHistorical role unavailable
AVPTAvePoint, Inc.
Elevated · 67/100
+1.6%
Active; unclassifiedHistorical role unavailable
GENGen Digital Inc.
Elevated · 67/100
+0.5%
Active; unclassifiedHistorical role unavailable
BOXBox, Inc.
Elevated · 63/100
+1.1%
Active; unclassifiedHistorical role unavailable
TOSTToast, Inc.
Elevated · 61/100
+3.5%
Active; unclassifiedHistorical role unavailable
PATHUiPath, Inc.
Elevated · 61/100
+4.2%
Active; unclassifiedHistorical role unavailable
GPNGlobal Payments Inc.
Elevated · 59/100
-0.0%
Active; unclassifiedHistorical role unavailable
ALRMAlarm.com Holdings, Inc.
Elevated · 58/100
-1.8%
Active; unclassifiedHistorical role unavailable
BRZEBraze, Inc.
Elevated · 58/100
+8.4%
Active; unclassifiedHistorical role unavailable
SPSCSPS Commerce, Inc.
Elevated · 57/100
+2.0%
Active; unclassifiedHistorical role unavailable
PCORProcore Technologies, Inc.
Elevated · 53/100
+2.0%
Active; unclassifiedHistorical role unavailable
NICENICE Ltd.
Elevated · 51/100
+0.6%
Active; unclassifiedHistorical role unavailable
FRSHFreshworks Inc.
Elevated · 37/100
+1.2%
Active; unclassifiedHistorical role unavailable
HUBSHubSpot, Inc.
Quiet · 37/100
+2.7%
Watch / laggardHistorical role unavailable
BLBlackLine, Inc.
Quiet · 35/100
-1.1%
Watch / laggardHistorical role unavailable
BILLBILL Holdings, Inc.
Quiet · 34/100
+2.7%
Watch / laggardHistorical role unavailable
PEGAPegasystems Inc.
Quiet · 33/100
+0.8%
Watch / laggardHistorical role unavailable
VERXVertex, Inc.
Quiet · 33/100
+1.7%
Watch / laggardHistorical role unavailable
TRMBTrimble Inc.
Quiet · 30/100
-1.8%
Watch / laggardHistorical role unavailable
DOCUDocuSign, Inc.
Quiet · 22/100
-1.1%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
QTWOQ2 Holdings, Inc.Participating+1.0%—Price participation is not yet confirmed by per-name flow.
WKWorkiva Inc.Participating+3.5%—Price participation is not yet confirmed by per-name flow.
KVYOKlaviyo, Inc.Participating+7.5%—Price participation is not yet confirmed by per-name flow.
CRMSalesforce, Inc.Participating+2.5%—Price participation is not yet confirmed by per-name flow.
ACIWACI Worldwide, Inc.Participating-1.5%—Price participation is not yet confirmed by per-name flow.
AVPTAvePoint, Inc.Participating+1.6%—Price participation is not yet confirmed by per-name flow.
GENGen Digital Inc.Participating+0.5%—Price participation is not yet confirmed by per-name flow.
BOXBox, Inc.Participating+1.1%—Price participation is not yet confirmed by per-name flow.
TOSTToast, Inc.Participating+3.5%—Price participation is not yet confirmed by per-name flow.
PATHUiPath, Inc.Participating+4.2%—Price participation is not yet confirmed by per-name flow.
GPNGlobal Payments Inc.Participating-0.0%—Price participation is not yet confirmed by per-name flow.
ALRMAlarm.com Holdings, Inc.Participating-1.8%—Price participation is not yet confirmed by per-name flow.
BRZEBraze, Inc.Participating+8.4%—Price participation is not yet confirmed by per-name flow.
SPSCSPS Commerce, Inc.Participating+2.0%—Price participation is not yet confirmed by per-name flow.
PCORProcore Technologies, Inc.Participating+2.0%—Price participation is not yet confirmed by per-name flow.
NICENICE Ltd.Participating+0.6%—Price participation is not yet confirmed by per-name flow.
FRSHFreshworks Inc.Participating+1.2%—Price participation is not yet confirmed by per-name flow.
HUBSHubSpot, Inc.Quiet / lagging+2.7%—Not participating yet; a breadth test or a genuine divergence.
BLBlackLine, Inc.Quiet / lagging-1.1%—Not participating yet; a breadth test or a genuine divergence.
BILLBILL Holdings, Inc.Quiet / lagging+2.7%—Not participating yet; a breadth test or a genuine divergence.
PEGAPegasystems Inc.Quiet / lagging+0.8%—Not participating yet; a breadth test or a genuine divergence.
VERXVertex, Inc.Quiet / lagging+1.7%—Not participating yet; a breadth test or a genuine divergence.
TRMBTrimble Inc.Quiet / lagging-1.8%—Not participating yet; a breadth test or a genuine divergence.
DOCUDocuSign, Inc.Quiet / lagging-1.1%—Not 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.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.