Wallbox (NYSE:WBX) Director Marc Sabe Richer Buys 501,361 Shares

Wallbox N.V. (NYSE:WBX) Director Marc Sabe Richer purchased 501,361 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director directly owned 1,512,758 shares in the company, valued at $4,114,701.76. This represents a 49.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wallbox Trading Up 24.0%

NYSE:WBX opened at $4.21 on Friday. Wallbox N.V. has a 12 month low of $2.30 and a 12 month high of $7.83. The firm has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $2.97.

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

Institutional Trading of Wallbox

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC acquired a new position in Wallbox N.V. (NYSE:WBX) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned 0.10% of Wallbox at the end of the most recent reporting period. Institutional investors and hedge funds own 36.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group restated 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.