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

Wallbox N.V. (NYSE:WBX) Director Pedro Alonso Aguera purchased 501,361 shares of Wallbox 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 1,394,705 shares in the company, valued at $3,793,597.60. The trade was a 56.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wallbox Price Performance

Shares of NYSE WBX opened at $4.21 on Friday. The business has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $2.98. Wallbox N.V. has a 52 week low of $2.30 and a 52 week high of $7.83.

Wallbox (NYSE:WBX) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) earnings per share for the quarter, beating the consensus estimate of ($1.81) by $0.50. The firm had revenue of $34.38 million for the quarter, compared to analyst estimates of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

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 shares of Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to the company in its most recent filing 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 SEC filing. Institutional investors and hedge funds own 36.94% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group reaffirmed 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 investment 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. Based on data from MarketBeat.com, Wallbox currently has an average rating of “Hold” and an average price target of $5.33.

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.