Serve Robotics (NASDAQ:SERV) Insider Sells $32,192.16 in Stock

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,432 shares of the company’s 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 directly owned 544,486 shares of the company’s stock, valued at approximately $5,107,278.68. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value of $33,293.59.
• On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The shares were 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 Stock Performance

NASDAQ:SERV opened at $9.83 on Friday. The stock has a 50-day simple moving average of $11.54 and a 200 day simple moving average of $11.68. Serve Robotics Inc. has a 52-week low of $4.66 and a 52-week high of $18.64. The company has a market cap of $732.14 million, a PE ratio of -6.60 and a beta of 0.33.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of Serve Robotics in a report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Loop Capital set a $16.00 price objective on Serve Robotics in a report on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday, December 29th. Two equities 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in Serve Robotics in the 3rd quarter valued at about $27,000. Gordian Capital Singapore Pte Ltd bought a new stake in Serve Robotics in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC acquired a new stake in shares of Serve Robotics in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Serve Robotics by 299.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after buying an additional 2,392 shares during the last quarter. Finally, CWM LLC boosted its stake 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 acquiring an additional 2,879 shares during the period.

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.