Francisco Jose Riberas Mera Acquires 501,361 Shares of Wallbox (NYSE:WBX) Stock

Wallbox N.V. (NYSE:WBX) Director Francisco Jose Riberas Mera bought 501,361 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director directly owned 2,539,771 shares in the company, valued at approximately $6,908,177.12. This represents a 24.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wallbox Stock Up 1.3%

NYSE:WBX opened at $4.21 on Friday. Wallbox N.V. has a twelve month low of $2.30 and a twelve month high of $7.83. The business has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $2.98.

Wallbox (NYSE:WBX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.50. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%. The company had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million.

Wall Street Analyst Weigh In

Separately, UBS Group reaffirmed a “neutral” rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a research report 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.33.

Institutional Inflows and Outflows

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

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.