Wallbox (NYSE:WBX) Director Purchases $1,363,701.92 in Stock

Wallbox N.V. (NYSE:WBX) Director Marc Sabe Richer bought 501,361 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the transaction, the director owned 1,512,758 shares of the company’s stock, valued at $4,114,701.76. This trade represents a 49.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wallbox Stock Performance

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

Wallbox (NYSE:WBX) last announced 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 the consensus estimate of $40.64 million.

Analyst Ratings Changes

Separately, UBS Group reissued a “neutral” rating and issued a $4.00 price target (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Wallbox presently has an average rating of “Hold” and a consensus target price of $5.33.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new position in shares of Wallbox N.V. (NYSE:WBX) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox as of its most recent filing with the SEC. Institutional investors and hedge funds own 36.94% of the company’s stock.

Wallbox Company Profile

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.