Serve Robotics (NASDAQ:SERV) COO Touraj Parang Sells 5,998 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 5,998 shares of Serve Robotics 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 $61,959.34. Following the completion of the sale, the chief operating officer owned 1,323,685 shares of the company’s stock, valued at approximately $13,673,666.05. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, January 8th, Touraj Parang sold 4,008 shares of Serve Robotics stock. The shares were sold at an average price of $14.30, for a total value of $57,314.40.
• On Friday, December 12th, Touraj Parang sold 5,000 shares of Serve Robotics stock. The shares were sold at an average price of $13.07, for a total transaction of $65,350.00.
• On Thursday, December 11th, Touraj Parang sold 6,300 shares of Serve Robotics stock. The stock was sold at an average price of $11.87, for a total value of $74,781.00.

Serve Robotics Stock Up 6.8%

NASDAQ SERV traded up $0.62 on Friday, reaching $9.81. The company had a trading volume of 577,985 shares, compared to its average volume of 7,586,428. Serve Robotics Inc. has a 52-week low of $4.66 and a 52-week high of $23.10. The stock has a market capitalization of $730.95 million, a P/E ratio of -6.60 and a beta of 0.33. The company’s fifty day moving average is $11.97 and its 200 day moving average is $11.75.

Serve Robotics (NASDAQ:SERV) last released 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 firm had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $0.69 million. On average, research analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current year.

Institutional Investors Weigh In On Serve Robotics

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Serve Robotics by 280.4% in the first quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock worth $1,709,000 after purchasing an additional 219,018 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Serve Robotics during the 2nd quarter valued at about $240,000. Bogart Wealth LLC increased its position in shares of Serve Robotics by 1,230.6% during the 2nd quarter. Bogart Wealth LLC now owns 11,975 shares of the company’s stock valued at $137,000 after purchasing an additional 11,075 shares during the last quarter. Next Capital Management LLC purchased a new stake in shares of Serve Robotics in the 2nd quarter worth $188,000. Finally, Allworth Financial LP raised its stake in shares of Serve Robotics by 316.7% in the second quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock worth $45,000 after buying an additional 2,964 shares during the period.

Analysts Set New Price Targets

SERV has been the subject of a number of recent analyst reports. Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, December 31st. Cantor Fitzgerald reissued an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Loop Capital set a $16.00 price objective on Serve Robotics in a research report on Wednesday, December 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Serve Robotics presently has a consensus rating of “Buy” and a consensus price target of $18.80.

Trending Headlines about Serve Robotics

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

• Positive Sentiment: City-level expansion potential — The City of North Vancouver is set to consider permitting food delivery robots, a possible incremental market for Serve’s service deployments and commercial partners. City of North Vancouver to consider food delivery robots
• Neutral Sentiment: Insiders still hold large stakes — although several insiders sold shares this week, filings show executives (CEO, COO, CFO, GC and others) retain multi‑hundred‑thousand to multi‑million share positions, which can be read as partial liquidity-taking rather than full loss of confidence. SEC filing example (CEO sale)
• Negative Sentiment: Significant clustered insider selling — Multiple senior executives sold shares on Feb 3–4 (CEO Ali Kashani, CFO Brian Read, COO Touraj Parang, General Counsel Evan Dunn and others). Combined sales are roughly 28,000 shares for about $290k in proceeds at prices around $10.33, which can create downward pressure and raise investor concern about timing/intent. SEC filing example (CEO sale)
• Negative Sentiment: Viral PR incident raises reputational and regulatory risk — A widely shared video of a Serve delivery robot reportedly sidestepping a homeless man in Miami drew about 3 million views and critical social commentary; negative publicity could spur calls for local restrictions or tougher rules. “Nothing right about this reality”: 3 million people watched a delivery robot sidestep a homeless man in Miami
• Negative Sentiment: Local backlash article highlights deployment headwinds — Coverage (Fast Company) on neighborhood pushback against sidewalk delivery robots underscores potential regulatory and permitting obstacles in U.S. cities, which could slow rollout and partner adoption. My neighborhood is pushing back against sidewalk delivery robots

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.