Serve Robotics (NASDAQ:SERV) COO Sells 37,993 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 37,993 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $4.55, for a total transaction of $172,868.15. Following the transaction, the chief operating officer directly owned 1,260,251 shares in the company, valued at $5,734,142.05. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Touraj Parang also recently made the following trade(s):

• On Wednesday, June 10th, Touraj Parang sold 4,219 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total transaction of $30,545.56.

Serve Robotics Stock Up 5.1%

Shares of NASDAQ SERV traded up $0.23 during midday trading on Wednesday, reaching $4.78. 4,151,816 shares of the company’s stock traded hands, compared to its average volume of 4,878,985. The company has a market cap of $414.47 million, a price-to-earnings ratio of -1.95 and a beta of 1.35. The stock’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $8.00. Serve Robotics Inc. has a one year low of $4.32 and a one year high of $18.64.

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

Analyst Ratings Changes

SERV has been the topic of a number of recent research reports. Cantor Fitzgerald downgraded Serve Robotics from an “overweight” rating to a “neutral” rating in a research report on Friday, August 7th. Oppenheimer decreased their price target on shares of 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 raised their price target on shares of Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a report on Wednesday, May 13th. Guggenheim cut their price objective on shares of Serve Robotics from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Serve Robotics presently has a consensus 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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Serve Robotics by 13.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,835 shares of the company’s stock valued at $756,000 after buying an additional 13,965 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Serve Robotics during the second quarter valued at about $955,000. Jupiter Topco LLC acquired a new position in shares of Serve Robotics during the second quarter valued at about $187,000. EFG International AG purchased a new position in shares of Serve Robotics in the 2nd quarter valued at approximately $76,000. Finally, Legal & General Group Plc acquired a new stake in Serve Robotics in the 2nd quarter worth approximately $8,410,000.

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.