Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $36,750.00 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 2,500 shares of Serve Robotics stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.70, for a total transaction of $36,750.00. Following the completion of the transaction, the chief executive officer now directly owns 3,295,990 shares in the company, valued at approximately $48,451,053. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The shares were sold at an average price of $16.05, for a total transaction of $16,178.40.
• 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 Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $12.48, for a total value of $31,200.00.
• 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 value of $362,099.49.
• On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The shares were 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 Stock Performance

NASDAQ SERV opened at $14.14 on Thursday. Serve Robotics Inc. has a 1 year low of $1.77 and a 1 year high of $24.09. The company has a fifty day moving average of $10.51 and a 200 day moving average of $8.58.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Serve Robotics

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

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.