Brian Read Sells 6,129 Shares of Serve Robotics (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 6,129 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total value of $27,948.24. Following the transaction, the chief financial officer owned 285,702 shares in the company, valued at $1,302,801.12. This trade represents a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Read also recently made the following trade(s):

• On Wednesday, August 19th, Brian Read sold 9,700 shares of Serve Robotics stock. The stock was sold at an average price of $4.80, for a total value of $46,560.00.
• On Monday, August 17th, Brian Read sold 25,240 shares of Serve Robotics stock. The shares were sold at an average price of $5.24, for a total transaction of $132,257.60.
• On Wednesday, June 10th, Brian Read sold 1,496 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total value of $10,831.04.

Serve Robotics Price Performance

SERV traded up $0.23 during trading hours on Wednesday, reaching $4.78. The company’s stock had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. The business’s 50-day moving average is $5.76 and its 200-day moving average is $8.00. The stock has a market cap of $414.47 million, a PE ratio of -1.95 and a beta of 1.35. Serve Robotics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $18.64.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 55.34%. The company had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Analysts expect that Serve Robotics Inc. will post -2.71 EPS for the current year.

Institutional Investors Weigh In On Serve Robotics

A number of institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS lifted its position in Serve Robotics by 178.9% during the fourth quarter. DNB Asset Management AS now owns 239,205 shares of the company’s stock valued at $2,483,000 after buying an additional 153,436 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Serve Robotics in the 4th quarter valued at $1,427,000. Grange Capital LLC acquired a new position in shares of Serve Robotics during the 1st quarter valued at $2,426,000. Hsbc Holdings PLC acquired a new position in shares of Serve Robotics during the 4th quarter valued at $1,061,000. Finally, Legal & General Group Plc boosted its position in Serve Robotics by 11.7% during the 4th quarter. Legal & General Group Plc now owns 839,933 shares of the company’s stock worth $8,864,000 after purchasing an additional 88,099 shares during the period.

Wall Street Analyst Weigh In

SERV has been the subject of several recent analyst reports. Cantor Fitzgerald downgraded shares of Serve Robotics from an “overweight” rating to a “neutral” rating in a research report on Friday, August 7th. Oppenheimer decreased their price objective on Serve Robotics from $20.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. LADENBURG THALM/SH SH boosted their price target on shares of Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Freedom Capital raised Serve Robotics from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Finally, Guggenheim dropped their target price on shares of Serve Robotics from $13.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Key Headlines Impacting Serve Robotics

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

• Positive Sentiment: Serve Robotics announced that it will deploy its autonomous sidewalk delivery robots with Grubhub, providing a new distribution channel and potentially helping expand robot utilization and delivery volume. Serve Robotics to deploy its autonomous delivery robots with Grubhub
• Positive Sentiment: Serve Robotics reported approximately 400% year-over-year second-quarter revenue growth, highlighting strong demand for autonomous last-mile delivery services and the company’s expanding robot fleet. Serve Robotics Grew Its Second-Quarter Revenue by 400%
• Neutral Sentiment: The broader rollout of delivery robots is increasing investor attention on the sector and could support long-term adoption, although the competitive and regulatory outlook remains uncertain. More delivery robots are heading to sidewalks near you
• Negative Sentiment: Management’s guidance reduction overshadowed the Grubhub announcement, raising concerns about near-term growth and execution. Reports also highlighted that Serve is turning to Grubhub after losing its Uber Eats deal, increasing uncertainty around customer concentration and platform demand. Serve Robotics Sinks as Guidance Cut Overshadows Grubhub Deal Serve Robotics Turns to Grubhub After Losing Uber Eats Deal
• Negative Sentiment: CEO Ali Kashani, COO Touraj Parang and CFO Brian Read sold shares totaling roughly $585,000 over August 17–19. The filings state the transactions were intended to cover tax withholding on vested equity awards, which reduces the bearish significance, but multiple executive sales may still weigh on sentiment. Serve Robotics executive Form 4 filing

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.