Ali Kashani Sells 11,753 Shares of Serve Robotics (NASDAQ:SERV) Stock

Key Points

• CEO Ali Kashani sold 11,753 shares of Serve Robotics on May 6 at an average price of $9.29, totaling about $109,185. The filing said the sale was to cover tax withholding obligations tied to vesting equity awards.
• SERV shares fell 3.5% to $8.77 in Friday trading, with volume above average. The stock remains below both its 50-day and 200-day moving averages.
• Serve Robotics missed earnings expectations for the quarter, reporting a loss of $0.65 per share versus the expected $0.57 loss, even though revenue of $2.98 million topped estimates. Analysts still broadly rate the stock a Buy, with an average price target of $17.67.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 11,753 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total value of $109,185.37. Following the sale, the chief executive officer directly owned 3,308,620 shares of the company's stock, valued at approximately $30,737,079.80. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, May 7th, Ali Kashani sold 14,644 shares of Serve Robotics stock. The stock was sold at an average price of $9.26, for a total value of $135,603.44.
• On Wednesday, April 8th, Ali Kashani sold 14,541 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total transaction of $125,343.42.
• On Tuesday, March 10th, Ali Kashani sold 13,500 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total value of $131,220.00.
• On Wednesday, February 11th, Ali Kashani sold 9,259 shares of Serve Robotics stock. The stock was sold at an average price of $10.17, for a total transaction of $94,164.03.

Serve Robotics Stock Down 3.5%

Shares of SERV traded down $0.32 during mid-day trading on Friday, reaching $8.77. 5,537,114 shares of the company's stock were exchanged, compared to its average volume of 4,885,194. The company has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $10.68. Serve Robotics Inc. has a 52-week low of $6.60 and a 52-week high of $18.64. The company has a market cap of $678.14 million, a price-to-earnings ratio of -5.52 and a beta of 0.96.

Serve Robotics (NASDAQ:SERV - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.08). The firm had revenue of $2.98 million during the quarter, compared to analyst estimates of $2.83 million. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. As a group, equities research analysts predict that Serve Robotics Inc. will post -2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SERV shares. Weiss Ratings restated a "sell (d-)" rating on shares of Serve Robotics in a report on Friday, March 27th. Guggenheim began coverage on shares of Serve Robotics in a research report on Monday, April 20th. They issued a "buy" rating and a $13.00 price objective for the company. Cantor Fitzgerald cut their target price on shares of Serve Robotics from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 17th. Finally, LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.67.

Key Serve Robotics News

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Serve reported first-quarter revenue of $2.98 million, well above estimates, with revenue up 578% year over year and 238% sequentially, showing rapid top-line growth. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: The company raised optimism around its long-term addressable market, citing physical AI and autonomous delivery upside, which may support the investment thesis. Serve Robotics points to its physical AI, autonomous delivery upside
• Positive Sentiment: Serve’s expanding operating footprint and new vertical exposure from the Diligent Robotics acquisition could improve growth prospects over time. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: Analyst sentiment improved after the report, with LADENBURG THALM/SH upgrading Serve Robotics to “strong-buy.” Zacks.com
• Neutral Sentiment: Vancouver approved a 6-month delivery robot pilot program, which is supportive of industry adoption but is not a direct financial catalyst yet. Vancouver approves 6-month delivery robot pilot program
• Neutral Sentiment: Coverage around delivery robots expanding in cities like Vancouver and Los Angeles suggests broader market acceptance, but the impact on SERV’s near-term earnings is uncertain. No tip required: food-delivery robots to roll on Vancouver sidewalks
• Negative Sentiment: Despite strong revenue growth, Serve posted a Q1 loss of $0.65 per share, wider than a year ago and below expectations, highlighting continued profitability pressure. Serve Robotics Inc. (SERV) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Management’s FY 2026 revenue guidance of about $26 million only slightly topped consensus, suggesting investors may still be waiting for a bigger upside surprise. Serve Robotics stock page
• Negative Sentiment: The company continues to report very weak margins and negative return on equity, reinforcing concerns that scaling the business remains expensive. Serve Robotics stock page

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Main Management ETF Advisors LLC grew its position in shares of Serve Robotics by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company's stock worth $1,731,000 after acquiring an additional 1,704 shares in the last quarter. Creative Planning lifted its stake in Serve Robotics by 14.5% in the third quarter. Creative Planning now owns 14,800 shares of the company's stock valued at $172,000 after buying an additional 1,877 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Serve Robotics by 38.0% during the fourth quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company's stock valued at $73,000 after buying an additional 1,927 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Serve Robotics by 9.0% in the third quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company's stock worth $282,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its stake in shares of Serve Robotics by 13.3% in the third quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company's stock worth $198,000 after purchasing an additional 2,000 shares in the last quarter.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.

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