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

Wallbox N.V. (NYSE:WBX – Get Free Report) Director Marc Sabe Richer bought 501,361 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 1,512,758 shares of the company’s stock, valued at approximately $4,114,701.76. This represents a 49.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wallbox Stock Up 1.3%

Shares of NYSE:WBX opened at $4.21 on Friday. Wallbox N.V. has a 1 year low of $2.30 and a 1 year high of $7.83. The business’s 50 day moving average price is $3.14 and its 200-day moving average price is $2.98.

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Wallbox (NYSE:WBX – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, beating the consensus estimate of ($1.81) by $0.50. The firm had revenue of $34.38 million during 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 Investors Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new stake in Wallbox N.V. (NYSE:WBX – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (SEC). 36.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, UBS Group reiterated 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Wallbox presently has an average rating of “Hold” and a consensus target price of $5.33.

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Wallbox Company Profile

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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.

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