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

Wallbox N.V. (NYSE:WBX) Director Pedro Alonso Aguera bought 501,361 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director directly owned 1,394,705 shares in the company, valued at $3,793,597.60. This represents a 56.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wallbox Trading Up 24.0%

WBX stock traded up $0.81 during trading on Thursday, reaching $4.21. 179,507 shares of the company’s stock were exchanged, compared to its average volume of 82,787. Wallbox N.V. has a 1-year low of $2.30 and a 1-year high of $7.83. The company’s fifty day moving average price is $3.09 and its 200-day moving average price is $2.96.

Wallbox (NYSE:WBX) last issued its quarterly 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 return on equity of 6,451.74% and a negative net margin of 70.12%.The company had revenue of $34.38 million for the quarter, compared to analyst estimates of $40.64 million.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new position in Wallbox stock. GM Advisory Group LLC purchased a new stake in shares of Wallbox N.V. (NYSE:WBX) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned approximately 0.10% of Wallbox as of its most recent filing with the SEC. 36.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group reissued a “neutral” rating and set 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.