Touraj Parang Sells 5,993 Shares of Serve Robotics (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 5,993 shares of Serve Robotics stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total value of $55,674.97. Following the completion of the transaction, the chief operating officer owned 1,306,351 shares in the company, valued at approximately $12,136,000.79. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Touraj Parang also recently made the following trade(s):

• On Thursday, May 7th, Touraj Parang sold 3,888 shares of Serve Robotics stock. The stock was sold at an average price of $9.26, for a total value of $36,002.88.
• On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The stock was sold at an average price of $8.62, for a total value of $33,281.82.
• On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The stock was sold at an average price of $9.72, for a total value of $38,121.84.
• On Wednesday, February 11th, Touraj Parang sold 3,558 shares of Serve Robotics stock. The stock was sold at an average price of $10.17, for a total value of $36,184.86.

Serve Robotics Trading Down 3.5%

SERV opened at $8.77 on Friday. The company has a market cap of $678.10 million, a P/E ratio of -4.36 and a beta of 0.96. The business’s 50-day moving average price is $9.25 and its 200-day moving average price is $10.68. Serve Robotics Inc. has a 12 month low of $6.60 and a 12 month high of $18.64.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.08). Serve Robotics had a negative return on equity of 48.88% and a negative net margin of 2,639.98%.The company had revenue of $2.98 million during the quarter, compared to analysts’ expectations of $2.83 million. Equities research analysts forecast that Serve Robotics Inc. will post -2.39 earnings per share for the current fiscal year.

Serve Robotics News Roundup

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

• Positive Sentiment: Serve reported first-quarter revenue of $2.98 million, well above estimates, with revenue up 578% year over year and 238% sequentially, showing rapid top-line growth. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: The company raised optimism around its long-term addressable market, citing physical AI and autonomous delivery upside, which may support the investment thesis. Serve Robotics points to its physical AI, autonomous delivery upside
• Positive Sentiment: Serve’s expanding operating footprint and new vertical exposure from the Diligent Robotics acquisition could improve growth prospects over time. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: Analyst sentiment improved after the report, with LADENBURG THALM/SH upgrading Serve Robotics to “strong-buy.” Zacks.com
• Neutral Sentiment: Vancouver approved a 6-month delivery robot pilot program, which is supportive of industry adoption but is not a direct financial catalyst yet. Vancouver approves 6-month delivery robot pilot program
• Neutral Sentiment: Coverage around delivery robots expanding in cities like Vancouver and Los Angeles suggests broader market acceptance, but the impact on SERV’s near-term earnings is uncertain. No tip required: food-delivery robots to roll on Vancouver sidewalks
• Negative Sentiment: Despite strong revenue growth, Serve posted a Q1 loss of $0.65 per share, wider than a year ago and below expectations, highlighting continued profitability pressure. Serve Robotics Inc. (SERV) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Management’s FY 2026 revenue guidance of about $26 million only slightly topped consensus, suggesting investors may still be waiting for a bigger upside surprise. Serve Robotics stock page
• Negative Sentiment: The company continues to report very weak margins and negative return on equity, reinforcing concerns that scaling the business remains expensive. Serve Robotics stock page

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a report on Wednesday. Cantor Fitzgerald reduced their price target on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a report on Friday, March 27th. Finally, Guggenheim assumed coverage on Serve Robotics in a report on Monday, April 20th. They set a “buy” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Serve Robotics has an average rating of “Buy” and a consensus target price of $17.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in Serve Robotics during the 3rd quarter valued at approximately $8,840,000. Vanguard Group Inc. boosted its position in Serve Robotics by 25.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock valued at $30,178,000 after acquiring an additional 521,945 shares in the last quarter. Creek Drive Management Group LLC bought a new stake in Serve Robotics during the 4th quarter valued at approximately $4,912,000. Geode Capital Management LLC boosted its position in Serve Robotics by 29.1% during the 4th quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company’s stock valued at $15,137,000 after acquiring an additional 328,405 shares in the last quarter. Finally, Grange Capital LLC bought a new stake in Serve Robotics during the 1st quarter valued at approximately $2,426,000.

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.