Wallbox (NYSE:WBX) CEO Buys $886,407.20 in Stock

Wallbox N.V. (NYSE:WBX) CEO Enric Asuncion Escorsa bought 325,885 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $2.72 per share, with a total value of $886,407.20. Following the completion of the purchase, the chief executive officer owned 1,218,952 shares in the company, valued at approximately $3,315,549.44. This represents a 36.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wallbox Stock Up 24.0%

Shares of Wallbox stock traded up $0.81 during trading on Thursday, reaching $4.21. The company’s stock had a trading volume of 179,507 shares, compared to its average volume of 82,787. The business has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.96. Wallbox N.V. has a 12-month low of $2.30 and a 12-month high of $7.83.

Wallbox (NYSE:WBX) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.81) by $0.50. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.The firm had revenue of $34.38 million during the quarter, compared to analysts’ expectations of $40.64 million.

Institutional Trading of Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC bought a new stake in Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox as of its most recent filing with the Securities & Exchange Commission. 36.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group reiterated a “neutral” rating and issued a $4.00 price objective (up from $3.00) on shares of Wallbox in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wallbox has an average rating of “Hold” and an average price target of $5.33.

About Wallbox

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.