Insider Selling: Serve Robotics (NASDAQ:SERV) COO Sells 3,558 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 3,558 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $10.17, for a total value of $36,184.86. Following the completion of the transaction, the chief operating officer directly owned 1,320,127 shares of the company’s stock, valued at approximately $13,425,691.59. This trade represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, February 4th, Touraj Parang sold 5,998 shares of Serve Robotics stock. The stock was sold at an average price of $10.33, for a total transaction of $61,959.34.
• 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 transaction of $57,314.40.
• On Friday, December 12th, Touraj Parang sold 5,000 shares of Serve Robotics stock. The stock was 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 shares were sold at an average price of $11.87, for a total transaction of $74,781.00.

Serve Robotics Trading Down 4.8%

SERV traded down $0.47 on Thursday, reaching $9.32. The stock had a trading volume of 3,846,614 shares, compared to its average volume of 7,251,426. The business’s 50-day moving average price is $11.97 and its two-hundred day moving average price is $11.72. The company has a market cap of $694.15 million, a P/E ratio of -6.25 and a beta of 0.33. Serve Robotics Inc. has a 12-month low of $4.66 and a 12-month high of $23.10.

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

Institutional Trading of Serve Robotics

Several institutional investors and hedge funds have recently bought and sold shares of SERV. Farther Finance Advisors LLC acquired a new position in Serve Robotics in the third quarter valued at about $27,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Serve Robotics in the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after acquiring an additional 2,392 shares during the last quarter. CWM LLC boosted its position in shares of Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after purchasing an additional 2,879 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of Serve Robotics by 149.3% during the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock worth $39,000 after purchasing an additional 2,240 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on SERV. Cantor Fitzgerald restated an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Northland Securities reiterated an “outperform” rating and issued a $26.00 price objective on shares of Serve Robotics in a report on Friday, January 2nd. Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Oppenheimer assumed coverage on Serve Robotics in a report on Thursday, December 18th. They set 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 issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $18.80.

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.