James Buckly Jordan Sells 1,472 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) Director James Buckly Jordan sold 1,472 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.99, for a total transaction of $11,761.28. Following the transaction, the director now owns 513,460 shares in the company, valued at $4,102,545.40. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

James Buckly Jordan also recently made the following trade(s):

• On Tuesday, December 3rd, James Buckly Jordan sold 1,288 shares of Serve Robotics stock. The shares were sold at an average price of $9.07, for a total transaction of $11,682.16.
• On Thursday, November 21st, James Buckly Jordan sold 64,408 shares of Serve Robotics stock. The stock was sold at an average price of $8.57, for a total transaction of $551,976.56.

Serve Robotics Trading Up 23.8 %

SERV stock opened at $11.80 on Friday. Serve Robotics Inc. has a 52-week low of $1.77 and a 52-week high of $24.09. The business has a 50-day simple moving average of $9.22 and a two-hundred day simple moving average of $7.54.

Institutional Investors Weigh In On Serve Robotics

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new position in Serve Robotics during the 3rd quarter valued at $26,000. Bfsg LLC purchased a new stake in shares of Serve Robotics in the third quarter valued at about $38,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Serve Robotics during the third quarter valued at about $68,000. Quantum Private Wealth LLC purchased a new position in Serve Robotics during the third quarter worth about $80,000. Finally, Quadrature Capital Ltd bought a new stake in Serve Robotics in the 3rd quarter worth about $148,000.

Wall Street Analyst Weigh In

SERV has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH initiated coverage on Serve Robotics in a research report on Monday, October 28th. They issued a “buy” rating and a $16.00 target price for the company. Northland Securities began coverage on Serve Robotics in a report on Friday, October 18th. They set an “outperform” rating and a $16.00 price objective for the company. Seaport Res Ptn upgraded Serve Robotics to a “strong-buy” rating in a report on Monday, October 7th. Finally, Northland Capmk upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of $16.00.

About Serve Robotics

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.