Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 7,467 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $10.74, for a total transaction of $80,195.58. Following the completion of the sale, the chief executive officer directly owned 3,598,737 shares in the company, valued at approximately $38,650,435.38. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Serve Robotics Trading Down 2.8%
SERV traded down $0.30 during midday trading on Wednesday, hitting $10.44. The company's stock had a trading volume of 3,381,547 shares, compared to its average volume of 5,242,447. The firm has a market cap of $595.18 million, a P/E ratio of -9.85 and a beta of -0.11. The firm has a 50-day moving average price of $11.18 and a two-hundred day moving average price of $10.33. Serve Robotics Inc. has a 52-week low of $4.66 and a 52-week high of $24.35.
Analyst Upgrades and Downgrades
Separately, Cantor Fitzgerald began coverage on shares of Serve Robotics in a research report on Thursday, May 22nd. They set an "overweight" rating on the stock. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $18.67.
Read Our Latest Research Report on Serve Robotics
Hedge Funds Weigh In On Serve Robotics
A number of institutional investors and hedge funds have recently bought and sold shares of SERV. CIBC Private Wealth Group LLC acquired a new stake in shares of Serve Robotics during the 4th quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Serve Robotics during the 1st quarter worth $49,000. KLP Kapitalforvaltning AS bought a new position in Serve Robotics during the 1st quarter worth $49,000. Charles Schwab Investment Management Inc. grew its stake in Serve Robotics by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,728 shares of the company's stock worth $73,000 after buying an additional 1,545 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Serve Robotics during the 1st quarter worth $74,000.
About Serve Robotics
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Serve Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serve Robotics wasn't on the list.
While Serve Robotics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
