Enric Asuncion Escorsa Acquires 325,885 Shares of Wallbox (NYSE:WBX) Stock

Wallbox N.V. (NYSE:WBX) CEO Enric Asuncion Escorsa purchased 325,885 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $886,407.20. Following the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available at this link.

Wallbox Stock Performance

WBX stock opened at $4.21 on Friday. The business has a 50-day moving average price of $3.14 and a 200 day moving average price of $2.98. Wallbox N.V. has a 1-year low of $2.30 and a 1-year 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 analysts’ consensus estimates of ($1.81) by $0.50. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%. The business had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new stake in shares of Wallbox N.V. (NYSE:WBX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group reissued 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 equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.