Serve Robotics (NASDAQ:SERV) CFO Sells $132,257.60 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 25,240 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.24, for a total value of $132,257.60. Following the completion of the sale, the chief financial officer owned 291,831 shares of the company’s stock, valued at $1,529,194.44. This represents a 7.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $4.80, for a total value of $46,560.00.
• On Tuesday, August 18th, Brian Read sold 6,129 shares of Serve Robotics stock. The stock was sold at an average price of $4.56, for a total value of $27,948.24.
• 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 Trading Up 5.1%

Shares of SERV stock traded up $0.23 on Wednesday, reaching $4.78. The company had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. The company has a 50-day moving average of $5.76 and a 200-day moving average of $8.00. Serve Robotics Inc. has a 12 month low of $4.32 and a 12 month high of $18.64. The stock has a market cap of $414.47 million, a PE ratio of -1.95 and a beta of 1.35.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) 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 firm had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Sell-side analysts anticipate that Serve Robotics Inc. will post -2.71 earnings per share for the current year.

Institutional Investors Weigh In On Serve Robotics

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Serve Robotics by 280.4% during the first 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 during the period. Creative Planning boosted its stake in Serve Robotics by 25.9% in the 2nd quarter. Creative Planning now owns 12,923 shares of the company’s stock worth $148,000 after purchasing an additional 2,655 shares during the period. JPMorgan Chase & Co. boosted its stake in Serve Robotics by 294.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,905 shares of the company’s stock worth $342,000 after purchasing an additional 22,320 shares during the period. Rhumbline Advisers bought a new position in Serve Robotics during the 2nd quarter worth about $767,000. Finally, American Century Companies Inc. bought a new position in Serve Robotics during the 2nd quarter worth about $122,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Freedom Capital upgraded Serve Robotics from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Oppenheimer decreased their target price on Serve Robotics from $20.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Cantor Fitzgerald downgraded Serve Robotics from an “overweight” rating to a “neutral” rating in a report on Friday, August 7th. Finally, Guggenheim dropped their price target on Serve Robotics from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Serve Robotics presently has an average rating of “Moderate Buy” and an average price target of $14.80.

Trending Headlines about 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

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.