James Buckly Jordan Sells 1,288 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) Director James Buckly Jordan sold 1,288 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.07, for a total transaction of $11,682.16. Following the completion of the transaction, the director now directly owns 447,764 shares in the company, valued at $4,061,219.48. This trade represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, November 21st, James Buckly Jordan sold 64,408 shares of Serve Robotics stock. The shares were sold at an average price of $8.57, for a total transaction of $551,976.56.
• On Monday, November 18th, James Buckly Jordan sold 1,472 shares of Serve Robotics stock. The shares were sold at an average price of $7.99, for a total transaction of $11,761.28.

Serve Robotics Trading Up 23.8 %

Shares of NASDAQ:SERV opened at $11.80 on Friday. The business’s fifty day moving average price is $9.22 and its two-hundred day moving average price is $7.54. Serve Robotics Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $24.09.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Serve Robotics

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

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.