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

Wallbox N.V. (NYSE:WBX) Director Francisco Jose Riberas Mera bought 501,361 shares of Wallbox stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the acquisition, the director directly owned 2,539,771 shares of the company’s stock, valued at $6,908,177.12. The trade was a 24.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wallbox Price Performance

WBX stock traded up $0.81 during trading on Thursday, reaching $4.21. 179,507 shares of the stock traded hands, compared to its average volume of 82,787. The business’s 50 day moving average price is $3.09 and its 200-day moving average price is $2.96. Wallbox N.V. has a 52-week low of $2.30 and a 52-week high of $7.83.

Wallbox (NYSE:WBX) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, topping analysts’ consensus estimates of ($1.81) by $0.50. The company 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%.

Analysts Set New Price Targets

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

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC acquired a new stake in Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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.