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Wisetech Global ( (AU:WTC) ) just unveiled an announcement.
WiseTech Global has disclosed a change in the nature of founder and chief executive Richard White’s indirect interest in the company’s shares, while the total number of shares he controls remains unchanged at 115,278,316. Through his wholly owned vehicle RealWise Holdings, White has entered into a collar derivative and related financing facility with Macquarie Bank over 20 million WiseTech shares, formalising a Collar Financing Transaction that alters the form, but not the quantum, of his beneficial holding and may signal a move to manage concentration risk or unlock liquidity without an outright sale, a development closely watched by investors given his substantial stake and influence over the company.
The most recent analyst rating on (AU:WTC) stock is a Buy with a A$109.15 price target. To see the full list of analyst forecasts on Wisetech Global stock, see the AU:WTC Stock Forecast page.
More about Wisetech Global
WiseTech Global is an Australian-listed technology company that develops logistics and supply chain management software, providing digital solutions to freight forwarders, customs brokers, and logistics providers worldwide. Its core platform supports the digitalisation and automation of global logistics operations, positioning the company as a key infrastructure player in international trade and cargo management.
Average Trading Volume: 1,003,972
Technical Sentiment Signal: Sell
Current Market Cap: A$22.38B
For a thorough assessment of WTC stock, go to TipRanks’ Stock Analysis page.