Serve Robotics (NASDAQ:SERV) CFO Sells $32,901.05 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 3,185 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $10.33, for a total value of $32,901.05. Following the completion of the sale, the chief financial officer directly owned 325,856 shares of the company’s stock, valued at approximately $3,366,092.48. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brian Read also recently made the following trade(s):

• On Tuesday, February 3rd, Brian Read sold 1,547 shares of Serve Robotics stock. The shares were sold at an average price of $10.83, for a total value of $16,754.01.
• On Thursday, January 8th, Brian Read sold 4,748 shares of Serve Robotics stock. The stock was sold at an average price of $15.81, for a total transaction of $75,065.88.
• On Wednesday, December 31st, Brian Read sold 1,863 shares of Serve Robotics stock. The shares were sold at an average price of $10.37, for a total transaction of $19,319.31.
• On Friday, December 12th, Brian Read sold 6,700 shares of Serve Robotics stock. The stock was sold at an average price of $13.15, for a total transaction of $88,105.00.
• On Thursday, December 11th, Brian Read sold 371 shares of Serve Robotics stock. The shares were sold at an average price of $11.87, for a total transaction of $4,403.77.
• On Thursday, December 4th, Brian Read sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.05, for a total transaction of $97,875.00.
• On Tuesday, December 2nd, Brian Read sold 2,057 shares of Serve Robotics stock. The shares were sold at an average price of $9.82, for a total value of $20,199.74.

Serve Robotics Stock Down 9.5%

SERV traded down $0.97 on Thursday, hitting $9.19. 5,272,043 shares of the company traded hands, compared to its average volume of 7,876,584. The company has a 50 day moving average of $11.99 and a 200-day moving average of $11.77. Serve Robotics Inc. has a 12-month low of $4.66 and a 12-month high of $23.10. The stock has a market capitalization of $684.50 million, a PE ratio of -6.17 and a beta of 0.33.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. On average, research analysts anticipate that Serve Robotics Inc. will post -0.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SERV. Loop Capital set a $16.00 price target on Serve Robotics in a report on Wednesday, December 31st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Citigroup reiterated an “outperform” rating on shares of Serve Robotics in a research note on Monday, October 13th. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Oppenheimer started coverage on shares of Serve Robotics in a report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $18.80.

Institutional Trading of Serve Robotics

Several large investors have recently modified their holdings of the business. First Trust Advisors LP purchased a new stake in Serve Robotics in the 3rd quarter valued at approximately $8,840,000. Geode Capital Management LLC lifted its holdings in Serve Robotics by 176.0% in the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock valued at $10,054,000 after purchasing an additional 560,361 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Serve Robotics by 25.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock worth $30,178,000 after purchasing an additional 521,945 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Serve Robotics by 157.9% during the second quarter. Bank of America Corp DE now owns 401,557 shares of the company’s stock worth $4,594,000 after buying an additional 245,858 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Serve Robotics by 280.4% in the first quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock valued at $1,709,000 after buying an additional 219,018 shares during the last quarter.

Serve Robotics Company Profile

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.