Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $16,178.40 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 1,008 shares of Serve Robotics stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $16.05, for a total transaction of $16,178.40. Following the sale, the chief executive officer now directly owns 3,298,490 shares in the company, valued at $52,940,764.50. The trade was a 0.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 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 transaction 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 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 stock was sold at an average price of $8.79, for a total transaction of $9,748.11.

Serve Robotics Stock Performance

Shares of NASDAQ SERV opened at $13.36 on Friday. Serve Robotics Inc. has a twelve month low of $1.77 and a twelve month high of $24.09. The company has a 50 day moving average of $10.06 and a 200 day moving average of $8.22.

Institutional Trading of Serve Robotics

Institutional investors and hedge funds have recently modified their holdings of the business. Yong Rong HK Asset Management Ltd bought a new position in shares of Serve Robotics during the third quarter valued at $9,636,000. Thomist Capital Management LP bought a new position in Serve Robotics during the 2nd quarter valued at about $407,000. PFG Investments LLC bought a new position in Serve Robotics during the 2nd quarter valued at about $110,000. Bfsg LLC purchased a new stake in shares of Serve Robotics during the 3rd quarter valued at about $38,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Serve Robotics in the third quarter worth approximately $152,000.

Analysts Set New Price Targets

A number of analysts have recently commented on SERV shares. 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 target price on the stock. Seaport Res Ptn upgraded Serve Robotics to a “strong-buy” rating in a report on Monday, October 7th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Serve Robotics in a research note on Monday, October 28th. They issued a “buy” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Serve Robotics currently has an average rating of “Strong Buy” and a consensus target price 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.