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

Wallbox N.V. (NYSE:WBX) Director Pedro Alonso Aguera acquired 501,361 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director owned 1,394,705 shares of the company’s stock, valued at $3,793,597.60. This trade represents a 56.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wallbox Stock Performance

NYSE WBX traded up $0.81 during trading hours 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 simple moving average of $3.09 and a 200 day simple moving average of $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 posted its earnings results on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, beating the consensus estimate of ($1.81) by $0.50. The company had revenue of $34.38 million during the quarter, compared to analyst estimates 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 reaffirmed a “neutral” rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC purchased a new stake in shares of Wallbox N.V. (NYSE:WBX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox at the end of the most recent quarter. Hedge funds and other institutional investors 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.