Insider Selling: Serve Robotics (NASDAQ:SERV) CEO Sells $205,920.48 in Stock

Key Points

• CEO Ali Kashani sold 45,158 Serve Robotics shares for approximately $205,920, reducing his direct stake by 1.38% to 3.23 million shares. The sale was made to cover tax withholding tied to vested equity awards.
• SERV shares traded around $4.78, near their 52-week low of $4.32 and well below the 52-week high of $18.64. The company recently missed quarterly earnings and revenue estimates, reporting a loss of $0.80 per share and $3.24 million in revenue.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $14.80. New Grubhub delivery operations and strong reported revenue growth provide potential upside, while reduced guidance and the loss of an Uber Eats deal raise near-term concerns.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 45,158 shares of Serve Robotics stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.56, for a total value of $205,920.48. Following the sale, the chief executive officer directly owned 3,232,933 shares of the company's stock, valued at $14,742,174.48. This represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Wednesday, June 10th, Ali Kashani sold 15,885 shares of Serve Robotics stock. The shares were sold at an average price of $7.24, for a total transaction of $115,007.40.

Serve Robotics Stock Performance

Shares of SERV stock traded up $0.23 on Wednesday, hitting $4.78. The company's stock had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. Serve Robotics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $18.64. The company has a market capitalization of $414.47 million, a PE ratio of -1.95 and a beta of 1.35. The stock's 50 day moving average is $5.76 and its 200-day moving average is $8.00.

Serve Robotics (NASDAQ:SERV - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.11). Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%.The business had revenue of $3.24 million during the quarter, compared to analyst estimates of $3.51 million. On average, research analysts forecast that Serve Robotics Inc. will post -2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SERV shares. Cantor Fitzgerald lowered Serve Robotics from an "overweight" rating to a "neutral" rating in a research note on Friday, August 7th. LADENBURG THALM/SH SH increased their target price on Serve Robotics from $15.00 to $16.60 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th. Weiss Ratings raised Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 21st. Finally, Guggenheim cut their price objective on shares of Serve Robotics from $13.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Serve Robotics News Roundup

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

• Positive Sentiment: Serve Robotics announced that it will deploy its autonomous sidewalk delivery robots with Grubhub, providing a new distribution channel and potentially helping expand robot utilization and delivery volume. Serve Robotics to deploy its autonomous delivery robots with Grubhub
• Positive Sentiment: Serve Robotics reported approximately 400% year-over-year second-quarter revenue growth, highlighting strong demand for autonomous last-mile delivery services and the company’s expanding robot fleet. Serve Robotics Grew Its Second-Quarter Revenue by 400%
• Neutral Sentiment: The broader rollout of delivery robots is increasing investor attention on the sector and could support long-term adoption, although the competitive and regulatory outlook remains uncertain. More delivery robots are heading to sidewalks near you
• Negative Sentiment: Management’s guidance reduction overshadowed the Grubhub announcement, raising concerns about near-term growth and execution. Reports also highlighted that Serve is turning to Grubhub after losing its Uber Eats deal, increasing uncertainty around customer concentration and platform demand. Serve Robotics Sinks as Guidance Cut Overshadows Grubhub Deal Serve Robotics Turns to Grubhub After Losing Uber Eats Deal
• Negative Sentiment: CEO Ali Kashani, COO Touraj Parang and CFO Brian Read sold shares totaling roughly $585,000 over August 17–19. The filings state the transactions were intended to cover tax withholding on vested equity awards, which reduces the bearish significance, but multiple executive sales may still weigh on sentiment. Serve Robotics executive Form 4 filing

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC lifted its position in shares of Serve Robotics by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company's stock worth $1,731,000 after buying an additional 1,704 shares during the last quarter. Creative Planning grew its position 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 acquiring an additional 1,877 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Serve Robotics by 38.0% during the fourth quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company's stock worth $73,000 after acquiring an additional 1,927 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Serve Robotics by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 5,274 shares of the company's stock worth $45,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Serve Robotics by 149.3% in the fourth quarter. Harbour Investments Inc. now owns 3,740 shares of the company's stock worth $39,000 after acquiring an additional 2,240 shares during the last quarter.

Serve Robotics Company Profile

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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