Marc Sabe Richer Buys 501,361 Shares of Wallbox (NYSE:WBX) Stock

Wallbox N.V. (NYSE:WBX) Director Marc Sabe Richer purchased 501,361 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought 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 directly owned 1,512,758 shares of the company’s stock, valued at approximately $4,114,701.76. This represents a 49.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wallbox Trading Up 1.3%

Shares of WBX 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 stock has a fifty day moving average of $3.14 and a 200-day moving average of $2.98.

Wallbox (NYSE:WBX) last released 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 company had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.

Hedge Funds Weigh In On Wallbox

An institutional investor recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new position in shares of Wallbox N.V. (NYSE:WBX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 36.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group reissued a “neutral” rating and set 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock 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.