Evan Dunn Sells 2,700 Shares of Serve Robotics (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) General Counsel Evan Dunn sold 2,700 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $27,891.00. Following the completion of the transaction, the general counsel directly owned 203,520 shares of the company’s stock, valued at $2,102,361.60. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Evan Dunn also recently made the following trade(s):

• On Tuesday, January 6th, Evan Dunn sold 598 shares of Serve Robotics stock. The shares were sold at an average price of $12.81, for a total transaction of $7,660.38.
• On Monday, December 8th, Evan Dunn sold 504 shares of Serve Robotics stock. The stock was sold at an average price of $13.42, for a total value of $6,763.68.

Serve Robotics Price Performance

Shares of SERV stock opened at $10.68 on Friday. Serve Robotics Inc. has a 1 year low of $4.66 and a 1 year high of $23.10. The stock’s 50 day simple moving average is $11.98 and its two-hundred day simple moving average is $11.75. The company has a market cap of $795.45 million, a PE ratio of -7.17 and a beta of 0.33.

Serve Robotics (NASDAQ:SERV) last released its 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). The company had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. Equities research analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current year.

More Serve Robotics News

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

• Positive Sentiment: City-level expansion potential — North Vancouver is set to consider permitting food-delivery robots, which could open an incremental deployment market and support revenue growth if adopted by more municipalities and partners. City of North Vancouver to consider food delivery robots
• Positive Sentiment: Analyst sentiment remains constructive — Multiple firms maintain Buy/Strong Buy ratings and MarketBeat shows a consensus price target (about $18.80), which supports upside potential relative to the current share price. MarketBeat: SERV stock page
• Neutral Sentiment: Insiders still retain substantial stakes — Executives including the CEO, COO and CFO have completed sales but continue to hold large multi‑hundred‑thousand to multi‑million share positions, suggesting these trades may be partial liquidity rather than full loss of conviction. SEC filing example (CEO sale)
• Negative Sentiment: Clustered insider selling — Several senior executives (CEO, CFO, COO, GC and others) sold shares on Feb 3–4, totaling roughly ~28,000 shares and about $290k at ~ $10.33. Concentrated sales by leadership can create downward pressure and prompt investor questions about timing/intent. SEC filing example (CEO sale)
• Negative Sentiment: Viral PR incident raises reputational risk — A widely shared video of a Serve delivery robot allegedly sidestepping a homeless person in Miami drew ~3M views and criticism; negative publicity can accelerate calls for restrictions and hurt partner relations. “Robot sidesteps homeless man” article
• Negative Sentiment: Local backlash story underscores deployment headwinds — Coverage on neighborhood pushback (Fast Company) highlights potential regulatory and permitting obstacles that could slow rollouts and increase compliance costs. Fast Company: neighborhood pushback on delivery robots

Institutional Trading of Serve Robotics

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Northland Securities reiterated an “outperform” rating and set a $26.00 target price on shares of Serve Robotics in a research report on Friday, January 2nd. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Loop Capital set a $16.00 price target on shares of Serve Robotics in a research note on Wednesday, December 31st. Finally, Oppenheimer started coverage on shares of Serve Robotics in a report on Thursday, December 18th. They set an “outperform” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.