Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani Sells 2,500 Shares

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 2,500 shares of Serve Robotics stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.48, for a total transaction of $31,200.00. Following the sale, the chief executive officer now directly owns 3,329,498 shares of the company’s stock, valued at $41,552,135.04. This represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $14.93, for a total value of $335,925.00.
• On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was 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 shares were sold at an average price of $11.39, for a total value 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 shares were sold at an average price of $8.79, for a total transaction of $9,748.11.

Serve Robotics Trading Up 11.3 %

NASDAQ SERV opened at $16.68 on Wednesday. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.09. The company has a 50 day moving average price of $9.90 and a 200 day moving average price of $8.14.

Hedge Funds Weigh In On Serve Robotics

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

Wall Street Analysts Forecast Growth

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

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.