Serve Robotics (NASDAQ:SERV) General Counsel Sells $27,891.00 in Stock

Serve Robotics Inc. (NASDAQ:SERV) General Counsel Evan Dunn sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total value of $27,891.00. Following the sale, the general counsel directly owned 203,520 shares in the company, valued at $2,102,361.60. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Evan Dunn also recently made the following trade(s):

• On Tuesday, January 6th, Evan Dunn sold 598 shares of Serve Robotics stock. The stock was sold at an average price of $12.81, for a total transaction of $7,660.38.
• On Monday, December 8th, Evan Dunn sold 504 shares of Serve Robotics stock. The shares were sold at an average price of $13.42, for a total transaction of $6,763.68.

Serve Robotics Stock Performance

Serve Robotics stock traded down $0.97 during mid-day trading on Thursday, hitting $9.19. The company’s stock had a trading volume of 5,272,043 shares, compared to its average volume of 7,876,584. Serve Robotics Inc. has a one year low of $4.66 and a one year high of $23.10. The stock has a market cap of $684.50 million, a PE ratio of -6.17 and a beta of 0.33. The company has a 50 day moving average of $11.99 and a 200-day moving average of $11.77.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in 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. Vontobel Holding Ltd. purchased a new stake in shares of Serve Robotics in the 2nd quarter valued at approximately $240,000. Bogart Wealth LLC lifted its holdings in shares of Serve Robotics by 1,230.6% in the 2nd quarter. Bogart Wealth LLC now owns 11,975 shares of the company’s stock worth $137,000 after acquiring an additional 11,075 shares during the last quarter. Next Capital Management LLC purchased a new position in shares of Serve Robotics during the 2nd quarter worth approximately $188,000. Finally, Allworth Financial LP boosted its position in shares of Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock worth $45,000 after purchasing an additional 2,964 shares during the period.

Analysts Set New Price Targets

SERV has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Loop Capital set a $16.00 target price on Serve Robotics in a research report on Wednesday, December 31st. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.80.

Serve Robotics News Summary

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Potential market expansion — the City of North Vancouver is set to consider food delivery robots, which could open a new municipal pilot/permit opportunity for Serve if approved. City of North Vancouver to consider food delivery robots
• Neutral Sentiment: Multiple insiders disclosed routine sales (small single-digit percentage reductions in their holdings) across Feb 3–4 — these include filings from the CFO and other officers. These transactions could be personal liquidity events rather than a vote of no confidence, but they still increase supply pressure. Insider Form 4
• Negative Sentiment: Concentrated insider selling by top executives — including the CEO, COO and others — occurred the same day (collectively several tens of thousands of shares). Markets often view clustered executive sales as a negative signal; expect continued scrutiny and potential short-term selling pressure. CEO Form 4
• Negative Sentiment: Viral negative PR — a widely viewed video showed a Serve delivery robot sidestepping a homeless man in Miami, drawing public backlash and raising reputational and regulatory concerns. That sort of footage can accelerate municipal pushback or stricter operating rules. Viral delivery robot video
• Negative Sentiment: Broader community resistance — coverage (FastCompany and others) highlights growing neighborhood pushback against sidewalk delivery robots, a longer-term regulatory and adoption risk that could limit rollouts or raise compliance costs. Neighborhood pushback article
• Negative Sentiment: Weak recent fundamentals — Serve missed the last EPS estimate, remains unprofitable with negative margins, and analysts project continued losses this year; that background makes the stock more sensitive to negative headlines and insider selling. (Company earnings release Nov. 12; consensus estimates updated accordingly.)

About Serve Robotics

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.