WiseTech Global (ASX:WTC) may see business impacts of the ongoing investigation by the Australian Securities and Investments Commission (ASIC) into share sales by certain WiseTech employees, said Jefferies in a Friday note.

The company on Friday said it received a "first strike" at its annual general meeting on Friday, with 49.5% of the votes cast against its remuneration report.

The investment firm added that WiseTech has built a strong management team, and its strategic plan includes expanding into supply chain planning through the acquisition of e2open, rolling out a new commercial model, and adding new business areas such as Customs and chief terminal officer or landside logistics.

Jefferies has reduced its fiscal 2026 earnings before interest, tax, depreciation, and amortization (EBITDA) forecast by 10% and its fiscal 2027 EBITDA forecast by 8% to reflect possible business impacts from the investigation.

Jefferies maintained its buy rating on WTC and decreased its price target to AU$89 from AU$125.60.

The company's shares rose 3% in recent Monday trade.