Insider Selling: Serve Robotics Inc. (NASDAQ:SERV) CEO Sells 2,500 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 2,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.48, for a total transaction of $31,200.00. Following the transaction, the chief executive officer now owns 3,329,498 shares in the company, valued at $41,552,135.04. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.93, for a total transaction of $335,925.00.
• On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $13.52, for a total value of $33,800.00.
• On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The stock was sold at an average price of $11.39, for a total transaction of $362,099.49.
• On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The stock was sold at an average price of $8.77, for a total transaction of $85,235.63.
• On Thursday, November 21st, Ali Kashani sold 1,109 shares of Serve Robotics stock. The stock was sold at an average price of $8.79, for a total value of $9,748.11.

Serve Robotics Trading Down 15.2 %

Serve Robotics stock opened at $14.14 on Thursday. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.09. The stock has a 50-day moving average price of $9.98 and a 200 day moving average price of $8.18.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Northland Capmk upgraded Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. LADENBURG THALM/SH SH initiated coverage on Serve Robotics in a report on Monday, October 28th. They issued a “buy” rating and a $16.00 target price on the stock. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Northland Securities initiated coverage on shares of Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Serve Robotics presently has an average rating of “Strong Buy” and an average target price of $16.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new position in shares of Serve Robotics in the 3rd quarter valued at about $26,000. Bfsg LLC purchased a new position in shares of Serve Robotics during the 3rd quarter valued at approximately $38,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Serve Robotics in the 3rd quarter worth about $68,000. Quantum Private Wealth LLC acquired a new position in shares of Serve Robotics in the 3rd quarter worth approximately $80,000. Finally, PFG Investments LLC acquired a new position in shares of Serve Robotics in the 2nd quarter valued at about $110,000.

Serve Robotics Company Profile

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.