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

Wallbox N.V. (NYSE:WBX) Director Francisco Jose Riberas Mera purchased 501,361 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the acquisition, the director owned 2,539,771 shares of the company’s stock, valued at approximately $6,908,177.12. The trade was a 24.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wallbox Price Performance

Shares of WBX opened at $4.21 on Friday. 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 $3.14 and its 200-day moving average price is $2.98.

Wallbox (NYSE:WBX) last issued its earnings results on Thursday, May 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $40.64 million.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.33.

Institutional Trading of Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC bought a new position in shares of Wallbox N.V. (NYSE:WBX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox at the end of the most recent reporting period. 36.94% of the stock is currently owned by institutional investors.

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.