Ali Kashani Sells 3,713 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Posted by Amy Steele on Mar 1st, 2025

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CEO Ali Kashani sold 3,713 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.21, for a total value of $34,196.73. Following the completion of the sale, the chief executive officer now directly owns 3,225,852 shares in the company, valued at approximately $29,710,096.92. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

On Monday, January 6th, Ali Kashani sold 37,500 shares of Serve Robotics stock. The shares were sold at an average price of $21.16, for a total value of $793,500.00.
On Friday, January 3rd, Ali Kashani sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $17.23, for a total value of $129,225.00.
On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $16.50, for a total transaction of $123,750.00.
On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00.
On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.70, for a total transaction of $36,750.00.
On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The stock was sold at an average price of $16.05, for a total value 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 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 stock was 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.

Serve Robotics Price Performance

SERV opened at $9.01 on Friday. Serve Robotics Inc. has a 1 year low of $1.77 and a 1 year high of $24.35. The firm has a 50 day moving average price of $16.02 and a 200 day moving average price of $11.78.

Wall Street Analysts Forecast Growth

Separately, Northland Securities set a $23.00 price objective on shares of Serve Robotics in a research note on Tuesday, February 18th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Serve Robotics has a consensus rating of “Strong Buy” and a consensus price target of $19.50.

Read Our Latest Report on Serve Robotics

Institutional Investors Weigh In On Serve Robotics

Several large investors have recently made changes to their positions in SERV. Larson Financial Group LLC purchased a new stake in Serve Robotics during the 3rd quarter worth $26,000. Blue Trust Inc. acquired a new position in shares of Serve Robotics during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Serve Robotics in the fourth quarter worth about $34,000. Bogart Wealth LLC acquired a new stake in shares of Serve Robotics in the fourth quarter valued at about $37,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics in the third quarter valued at about $68,000.

Serve Robotics Company Profile

(Get Free Report)

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.