Wallbox (NYSE:WBX) CEO Enric Asuncion Escorsa Buys 325,885 Shares

Wallbox N.V. (NYSE:WBX) CEO Enric Asuncion Escorsa bought 325,885 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer owned 1,218,952 shares of the company’s stock, valued at $3,315,549.44. This trade represents a 36.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Wallbox Trading Up 24.0%

Shares of Wallbox stock opened at $4.21 on Friday. Wallbox N.V. has a 52 week low of $2.30 and a 52 week high of $7.83. The company’s 50-day moving average price is $3.11 and its two-hundred day moving average price is $2.97.

Wallbox (NYSE:WBX) last issued its earnings results on Thursday, May 7th. The company reported ($1.31) earnings per share for the quarter, topping analysts’ consensus estimates 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 reissued a “neutral” rating and issued a $4.00 price target (up from $3.00) on shares of Wallbox in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.33.

Hedge Funds Weigh In On Wallbox

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC bought a new stake in shares of Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

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.