ASX tech was one of 2025’s worst places to hide. The question for 2026: is this a blip, or the start of a longer reset?WiseTech, Xero and NextDC didn’t lose their moats overnight. Leverage, pricing changes and “swing for the fences” M&A forced the market to reprice risk.For every news headline about AI bubbles and the Magnificent Seven taking over the S&P 500, ironically, the ASX technology index was punished. With a 21% drop in the Technology index, it was one of the worst places to hide on the ASX in 2025 ...

The WiseTech Global Ltd (ASX: WTC) share price has jumped 6% after the ASX tech share announced the newest member of its leadership team.WiseTech is a global software business which provides technology for many of the world’s largest freight and logistics businesses. Its key software offering is called CargoWise.New independent director appointmentWiseTech announced to the market that it has appointed Raelene Murphy to the board of the company as an additional independent non-executive director, starting fr ...

Core Viewpoint - WiseTech, an Australian logistics software company, is facing a potential insider trading investigation involving its executive chairman and founder, Richard White, following a raid by the Australian Securities & Investments Commission and the Australian Federal Police [1][2]. Company Overview - WiseTech recently acquired U.S.-based e2Open for $2.1 billion, which was approximately $3.30 per share, representing a 28% premium over the stock price prior to the acquisition announcement [4]. - The company's primary product is CargoWise, but it also owns a portfolio of other logistics software providers, totaling 20 companies listed on its website [5]. Stock Performance - WiseTech's stock has experienced a significant decline, dropping from just under Au$140 (U.S. $91.52) a year ago to less than $70, with a decrease of over $15 in recent days due to the investigation news [3]. Management Changes - Richard White resigned as CEO last year due to "inappropriate behavior" but returned as executive chairman in February. Zubin Appoo was appointed as CEO in July [4]. Analyst Outlook - Morningstar has indicated that if Richard White is forced out again, the estimated value of WiseTech could be reduced by 15% to 20%, impacting the company's growth and business progression [6].