Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $335,925.00 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 22,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $14.93, for a total value of $335,925.00. Following the sale, the chief executive officer now owns 3,306,998 shares of the company’s stock, valued at approximately $49,373,480.14. This represents a 0.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were 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 Price Performance

Shares of SERV stock opened at $14.14 on Thursday. 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 $9.98 and a 200-day simple moving average of $8.18.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. LADENBURG THALM/SH SH initiated coverage on Serve Robotics in a research note 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 research note on Friday, October 18th. They issued 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 research report on Monday, October 7th. Finally, Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Serve Robotics presently 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.