WiseTech Global Ltd (ASX: WTC) shares have enjoyed a very strong run since hitting 12-month lows in April.
In early afternoon trade today, the S&P/ASX 200 Index (ASX: XJO) global logistics software solutions company is giving back a small portion of those gains, with shares down 1.2% at $99.92 apiece.
Still, that sees WiseTech shares up 33.5% since closing at $74.83 on 4 April.
So, is it too late to buy the resurgent ASX 200 tech share?
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WiseTech shares: Buy, hold, sell?
Sequoia Wealth Management's Peter Day recently analysed the outlook for WiseTech, and he was left with some concerns (courtesy of The Bull).
"WiseTech develops and provides software solutions to the global logistics industry," said Day, who has a sell recommendation on WiseTech shares.
According to Day:
The share price has been volatile in 2025 in response to boardroom upheaval leading to the resignation of four independent, non-executive directors. The shares fell from $129.90 on February 7 to close at $74.83 on April 4. The shares have bounced to trade at $102.79 on May 15.
On the plus side, Day noted, "The company is continuing to evaluate acquisition opportunities. WTC reported a strong first half result in fiscal year 2025."
But that strong result isn't enough to lift his sell recommendation.
"However, given the uncertain global trading environment and the recent rapid share price rise, investors may want to consider cashing in some gains," Day concluded.
How has the ASX 200 tech stock been performing?
WiseTech shares got a brief reprieve from February's selling pressure, driven by ructions between founder Richard White and the board, when the company reported its half-year results on 26 February.
As Day noted above, those results were quite strong.
Highlights for the six months included a 17% year-on-year increase in revenue to US$381 million. And underlying net profit after tax (NPAT) was up 34% to US$112.1 million.
This led management to increase the fully franked interim dividend by 37.7% to 10.6 Aussie cents per share.
Commenting on the company's half-year performance on the day, WiseTech interim CEO Andrew Cartledge said, "We have a consistent and strong track record of revenue, EBITDA, and cash flow growth since our listing."
Cartledge added:
Our global team continues to drive business momentum with a new Top 25 Large Global Freight Forwarder win in LOGISTEED secured early in the second half as well as growth from existing customers, the continued expansion of our global capabilities through our strategic acquisitions, and the rollout of our breakthrough products.
WiseTech shares are now just about flat over the past 12 months and remain down 19% in 2025.
