Pedro Alonso Aguera Purchases 501,361 Shares of Wallbox (NYSE:WBX) Stock

Wallbox N.V. (NYSE:WBX) Director Pedro Alonso Aguera bought 501,361 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $2.72 per share, with a total value of $1,363,701.92. Following the purchase, the director directly owned 1,394,705 shares of the company’s stock, valued at $3,793,597.60. The trade was a 56.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wallbox Price Performance

Shares of WBX opened at $4.21 on Friday. Wallbox N.V. has a one year low of $2.30 and a one year high of $7.83. The business’s 50 day simple moving average is $3.14 and its 200-day simple moving average is $2.98.

Wallbox (NYSE:WBX) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.31) earnings per share for the quarter, beating 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 firm had revenue of $34.38 million during the quarter, compared to analysts’ expectations of $40.64 million.

Institutional Investors Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new stake in shares of Wallbox N.V. (NYSE:WBX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. Institutional investors own 36.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group reaffirmed a “neutral” rating and issued a $4.00 price target (up from $3.00) on shares of Wallbox in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.