Serve Robotics (NASDAQ:SERV) Insider Anthony Armenta Sells 3,432 Shares

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,432 shares of Serve Robotics stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.38, for a total transaction of $32,192.16. Following the completion of the transaction, the insider owned 544,486 shares in the company, valued at approximately $5,107,278.68. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony Armenta also recently made the following trade(s):

• On Wednesday, February 4th, Anthony Armenta sold 3,223 shares of Serve Robotics stock. The shares were sold at an average price of $10.33, for a total transaction of $33,293.59.
• On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The stock was sold at an average price of $14.27, for a total value of $55,553.11.
• On Monday, December 15th, Anthony Armenta sold 5,003 shares of Serve Robotics stock. The stock was sold at an average price of $11.96, for a total value of $59,835.88.

Serve Robotics Price Performance

SERV stock traded down $0.29 on Tuesday, reaching $9.27. 3,025,188 shares of the company traded hands, compared to its average volume of 6,987,343. Serve Robotics Inc. has a one year low of $4.66 and a one year high of $18.64. The firm has a fifty day simple moving average of $11.74 and a 200-day simple moving average of $11.71. The company has a market cap of $690.43 million, a P/E ratio of -6.22 and a beta of 0.35.

Hedge Funds Weigh In On Serve Robotics

A number of institutional investors have recently added to or reduced their stakes in SERV. Price T Rowe Associates Inc. MD raised its stake in Serve Robotics by 77.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,084 shares of the company’s stock worth $458,000 after purchasing an additional 19,271 shares during the period. Osaic Holdings Inc. boosted its holdings in Serve Robotics by 61.4% during the 4th quarter. Osaic Holdings Inc. now owns 33,967 shares of the company’s stock valued at $353,000 after acquiring an additional 12,922 shares during the period. California State Teachers Retirement System grew its holdings in shares of Serve Robotics by 1,775.7% in the fourth quarter. California State Teachers Retirement System now owns 54,901 shares of the company’s stock valued at $570,000 after purchasing an additional 51,974 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Serve Robotics by 38.0% during the fourth quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock worth $73,000 after acquiring an additional 1,927 shares during the period. Finally, Captrust Financial Advisors raised its position in Serve Robotics by 19.9% in the 4th quarter. Captrust Financial Advisors now owns 707,002 shares of the company’s stock valued at $7,339,000 after purchasing an additional 117,561 shares in the last quarter.

Analysts Set New Price Targets

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

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.