Wallbox (NYSE:WBX) CEO Acquires $886,407.20 in Stock

Wallbox N.V. (NYSE:WBX) CEO Enric Asuncion Escorsa purchased 325,885 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 $886,407.20. Following the completion of the purchase, the chief executive officer owned 1,218,952 shares of the company’s stock, valued at approximately $3,315,549.44. This represents a 36.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wallbox Trading Up 1.3%

Shares of NYSE WBX opened at $4.21 on Friday. The firm’s 50-day moving average price is $3.14 and its 200-day moving average price is $2.98. Wallbox N.V. has a 1-year low of $2.30 and a 1-year high of $7.83.

Wallbox (NYSE:WBX) last issued its earnings results on Thursday, May 7th. The company reported ($1.31) EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $40.64 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wallbox stock. GM Advisory Group LLC bought 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 & Exchange Commission. The fund bought 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 SEC filing. 36.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a “neutral” rating and set a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two equities 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 MarketBeat, the company has a consensus 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.