Ali Kashani Sells 9,259 Shares of Serve Robotics (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 9,259 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $10.17, for a total transaction of $94,164.03. Following the transaction, the chief executive officer directly owned 3,348,414 shares in the company, valued at approximately $34,053,370.38. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ali Kashani also recently made the following trade(s):

• On Wednesday, February 4th, Ali Kashani sold 8,101 shares of Serve Robotics stock. The stock was sold at an average price of $10.33, for a total transaction of $83,683.33.
• On Thursday, January 8th, Ali Kashani sold 9,088 shares of Serve Robotics stock. The stock was sold at an average price of $14.30, for a total value of $129,958.40.
• On Thursday, December 11th, Ali Kashani sold 16,730 shares of Serve Robotics stock. The stock was sold at an average price of $11.87, for a total value of $198,585.10.

Serve Robotics Price Performance

Shares of NASDAQ SERV traded down $0.47 during trading hours on Thursday, hitting $9.32. 3,846,614 shares of the stock were exchanged, compared to its average volume of 7,251,426. Serve Robotics Inc. has a one year low of $4.66 and a one year high of $23.10. The company’s 50 day moving average is $11.97 and its 200 day moving average is $11.72. The firm has a market capitalization of $694.15 million, a P/E ratio of -6.25 and a beta of 0.33.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The business had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.69 million. Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. Research analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SERV. Loop Capital set a $16.00 price objective on Serve Robotics in a research report on Wednesday, December 31st. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Northland Securities restated an “outperform” rating and issued a $26.00 price objective on shares of Serve Robotics in a research report on Friday, January 2nd. Finally, Oppenheimer assumed coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They set an “outperform” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $18.80.

Institutional Trading of Serve Robotics

Several institutional investors and hedge funds have recently made changes to their positions in SERV. Farther Finance Advisors LLC bought a new position in shares of Serve Robotics in the 3rd quarter worth $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in Serve Robotics in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in Serve Robotics by 299.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after buying an additional 2,392 shares during the last quarter. CWM LLC boosted its holdings in Serve Robotics by 514.1% during the fourth quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after buying an additional 2,879 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Serve Robotics by 149.3% during the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock worth $39,000 after buying an additional 2,240 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.