Insider Selling: Serve Robotics (NASDAQ:SERV) CFO Sells $12,185.48 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 1,268 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.61, for a total value of $12,185.48. Following the transaction, the chief financial officer directly owned 324,403 shares in the company, valued at $3,117,512.83. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 11th, Brian Read sold 185 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total value of $1,881.45.
• On Wednesday, February 4th, Brian Read sold 3,185 shares of Serve Robotics stock. The shares were sold at an average price of $10.33, for a total value of $32,901.05.
• On Tuesday, February 3rd, Brian Read sold 1,547 shares of Serve Robotics stock. The stock was sold at an average price of $10.83, for a total value of $16,754.01.
• On Thursday, January 8th, Brian Read sold 4,748 shares of Serve Robotics stock. The shares were sold at an average price of $15.81, for a total value of $75,065.88.
• On Wednesday, December 31st, Brian Read sold 1,863 shares of Serve Robotics stock. The shares were sold at an average price of $10.37, for a total transaction of $19,319.31.
• On Friday, December 12th, Brian Read sold 6,700 shares of Serve Robotics stock. The stock was sold at an average price of $13.15, for a total transaction of $88,105.00.
• On Thursday, December 11th, Brian Read sold 371 shares of Serve Robotics stock. The stock was sold at an average price of $11.87, for a total transaction of $4,403.77.
• On Thursday, December 4th, Brian Read sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $13.05, for a total transaction of $97,875.00.

Serve Robotics Trading Down 2.5%

Shares of SERV stock opened at $9.44 on Friday. Serve Robotics Inc. has a 12 month low of $4.66 and a 12 month high of $18.64. The stock has a market cap of $703.09 million, a P/E ratio of -6.34 and a beta of 0.90. The company has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $11.63.

Wall Street Analysts Forecast Growth

SERV has been the subject of several analyst reports. Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. LADENBURG THALM/SH SH raised Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Northland Securities restated an “outperform” rating and issued a $26.00 price target on shares of Serve Robotics in a research report on Friday, January 2nd. Loop Capital set a $16.00 price objective on Serve Robotics in a research note 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 investment 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, the company has an average rating of “Buy” and an average price target of $18.80.

Institutional Trading of Serve Robotics

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Serve Robotics in the 3rd quarter worth $27,000. Gordian Capital Singapore Pte Ltd bought a new stake in Serve Robotics during the fourth quarter valued at about $31,000. Quadrant Capital Group LLC purchased a new position in shares of Serve Robotics in the fourth quarter valued at about $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 acquiring an additional 2,392 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Serve Robotics by 514.1% in the fourth 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.

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.