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

Wallbox N.V. (NYSE:WBX) Director Francisco Jose Riberas Mera purchased 501,361 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $2.72 per share, with a total value of $1,363,701.92. Following the completion of the acquisition, the director owned 2,539,771 shares of the company’s stock, valued at approximately $6,908,177.12. This represents a 24.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wallbox Stock Performance

Shares of WBX traded up $0.81 on Thursday, hitting $4.21. 179,507 shares of the stock traded hands, compared to its average volume of 82,787. The stock’s 50 day moving average is $3.09 and its two-hundred day moving average is $2.96. Wallbox N.V. has a 1 year low of $2.30 and a 1 year high of $7.83.

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

Analyst Ratings Changes

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 note on Tuesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.33.

Hedge Funds Weigh In On Wallbox

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