Tech Wrap Week 4: buy-backs, placements and ‘gap’ reopenings drive sharp moves

DTI Group (ASX:DTI) led the scoreboard with a 70.00% weekly jump after the ASX asked why the stock suddenly surged. The company said it had no undisclosed news. When that happens, prices can move on chatter and thin trading rather than fresh facts, and the risk is the move can unwind just as fast. Qoria (ASX:QOR) moved the other way, dropping -31.73% for the week despite reporting annual recurring revenue above US$100 million and 42% net ARR growth in Q2 FY26. Investors often sell even on good numbers when they think the price already baked them in, or when they worry costs will rise as the company keeps spending to grow. Visionflex Group (ASX:VFX) climbed 30.21% after it converted $0.5 million of debt into shares and kept access to funding. In plain terms, converting debt can relieve repayment pressure, but it also increases the share count, which can matter later if profits do not grow.

Cash receipts and ARR: investors rewarded proof of money in the door

Pointerra (ASX:3DP) rose 33.33% after reporting customer receipts up 30% to $2.6 million and positive operating cashflow of $0.47 million in Q2 FY26. Investors care about cashflow because it shows the business can pay bills without raising more money. Adveritas (ASX:AV1) reported record annualised recurring revenue of $14.25 million, up 17% quarter-on-quarter, and cash receipts up 110% to $3.2 million. The shares still fell -3.85% over the week. A common reason is timing: traders may have bought before the update and sold after it landed. Rent.com.au (ASX:RNT) posted record quarterly revenue above $1 million, with 67% of revenue from recurring products. The stock finished down -7.69%. For beginners, “recurring” means customers keep paying each month. The risk is growth can slow if new sign-ups cool or if marketing costs rise.

Gap moves: some reopenings held, others leaked lower

SportsHero (ASX:SHO) gained 29.79% after reporting record cash receipts and faster HeroPlay subscriber sign-ups. The stock also reopened higher and kept most of those gains, which suggests buyers stayed active after the first burst. By contrast, RocketDNA (ASX:RKT) fell -12.12% even after it flagged 32% quarter-on-quarter revenue growth and new mining contracts worth about $2.73 million. The stock reopened lower and slid further. That pattern often means early sellers kept hitting bids, usually because investors worry about margins, contract timing, or the need for more capital. Nanoveu (ASX:NVU) dropped -9.28% after a $7.5 million placement to fund a 16nm chip tape-out and drone validation. Fundraisings can pressure prices in the short term because new shares come in at a set price, and some holders sell to avoid being diluted.

Deals, funding and incentives: corporate actions stayed front and centre

RPMGlobal (ASX:RUL) ticked through a key step in its Caterpillar takeover, securing Foreign Investment Review Board approval. The remaining items include Federal Court approval and the scheme process. In simple terms, the regulator has said “yes” to foreign ownership, but the deal still needs legal sign-off. Objective Corporation (ASX:OCL) announced an on-market buy-back of up to about 10% of its shares from February 2026 to February 2027. A buy-back means the company may buy its own shares on the market. Investors often like it because it can lift earnings per share, but it depends on the price paid and how much cash the company spends. DroneShield (ASX:DRO) triggered vesting of 9.2 million performance options after hitting a $200 million cash receipts milestone. Options can reward staff, but they can also dilute existing holders if exercised.

AI and infrastructure: more products, more spending, more pressure to deliver

Hiremii (ASX:HMI) posted record quarterly revenue of $8.2 million and lifted gross profit, while also raising $1.764 million to push its AI recruitment platform. For investors, the key question is whether new AI features lead to paying customers quickly, or whether costs rise faster than sales. Codeifai (ASX:CDE) raised $1.1 million and continued work on acquiring a quantum-secured platform, while also telling the ASX it knew of no undisclosed information behind unusual trading. When a company is mid-acquisition, traders often bet on the deal closing and on what the new product can sell for. DXN (ASX:DXN) signed a non-binding MOU for a 50/50 joint venture to manufacture modular data centres in Jakarta. The plan aims to avoid high import tariffs. “Non-binding” means either side can still walk away, so investors will watch for a signed agreement and first orders. Life360 (ASX:360) rose 15.60% after reporting record monthly active users and lifting full-year revenue and EBITDA guidance. User growth matters because more users can translate into more paid subscribers, but only if conversion rates hold. Norwood Systems (ASX:NOR) reported record preliminary half-year revenue and progress with Optus milestones and a Tier-1 APAC proof-of-concept. Proof-of-concept means the product worked in a trial. The next step investors usually want is a paid rollout.