Wallbox (NYSE:WBX) Director Marc Sabe Richer Purchases 501,361 Shares

Wallbox N.V. (NYSE:WBX) Director Marc Sabe Richer bought 501,361 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the transaction, the director directly owned 1,512,758 shares of the company’s stock, valued at approximately $4,114,701.76. This trade represents a 49.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wallbox Trading Up 24.0%

Shares of NYSE:WBX traded up $0.81 during trading on Thursday, reaching $4.21. The stock had a trading volume of 179,507 shares, compared to its average volume of 82,787. The stock has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $2.96. Wallbox N.V. has a 52 week low of $2.30 and a 52 week high of $7.83.

Wallbox (NYSE:WBX) last announced 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 for the quarter, compared to the consensus estimate of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Institutional Trading of Wallbox

A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC acquired a new stake in shares of Wallbox N.V. (NYSE:WBX) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 & Exchange Commission. Hedge funds and other institutional investors own 36.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group restated 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 investment 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.33.

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.