Insider Selling: Serve Robotics (NASDAQ:SERV) CFO Sells 25,240 Shares

Key Points

• CFO Brian Read sold 25,240 Serve Robotics shares for approximately $132,258 at an average price of $5.24, reducing his stake by 7.96%. The filing said the sale was intended to cover tax withholding on vested equity awards.
• Serve Robotics shares rose 5.1% to $4.78 but remain well below the 52-week high of $18.64. The company missed quarterly earnings and revenue estimates, reporting an EPS loss of $0.80 and $3.24 million in revenue.
• Analyst sentiment remains a Moderate Buy, with a consensus price target of $14.80, although recent targets and ratings have been mixed. Institutional investors, including Legal & General, UBS Asset Management and Bank of America, also increased or initiated positions.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 25,240 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.24, for a total value of $132,257.60. Following the sale, the chief financial officer owned 291,831 shares in the company, valued at $1,529,194.44. The trade was a 7.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Read also recently made the following trade(s):

• On Wednesday, August 19th, Brian Read sold 9,700 shares of Serve Robotics stock. The shares were sold at an average price of $4.80, for a total value of $46,560.00.
• On Tuesday, August 18th, Brian Read sold 6,129 shares of Serve Robotics stock. The shares were sold at an average price of $4.56, for a total value of $27,948.24.
• On Wednesday, June 10th, Brian Read sold 1,496 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total transaction of $10,831.04.

Serve Robotics Trading Up 5.1%

NASDAQ SERV traded up $0.23 on Wednesday, hitting $4.78. 4,151,816 shares of the company were exchanged, compared to its average volume of 4,878,985. Serve Robotics Inc. has a 1-year low of $4.32 and a 1-year high of $18.64. The firm has a 50 day moving average of $5.76 and a two-hundred day moving average of $8.00. The company has a market cap of $414.47 million, a P/E ratio of -1.95 and a beta of 1.35.

Serve Robotics (NASDAQ:SERV - Get Free Report) last posted 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 net margin of 2,315.80% and a negative return on equity of 55.34%. The company had revenue of $3.24 million during the quarter, compared to analyst estimates of $3.51 million. Research analysts anticipate that Serve Robotics Inc. will post -2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cantor Fitzgerald cut shares of Serve Robotics from an "overweight" rating to a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings raised Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. LADENBURG THALM/SH SH increased their price objective on Serve Robotics from $15.00 to $16.60 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Oppenheimer lowered their target price on Serve Robotics from $20.00 to $7.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Finally, Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Serve Robotics presently has an average rating of "Moderate Buy" and a consensus target price of $14.80.

Institutional Investors Weigh In On Serve Robotics

Several institutional investors have recently modified their holdings of SERV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Serve Robotics by 13.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,835 shares of the company's stock worth $756,000 after buying an additional 13,965 shares during the last quarter. Bank of America Corp DE acquired a new position in Serve Robotics in the second quarter valued at approximately $955,000. Jupiter Topco LLC bought a new position in Serve Robotics in the second quarter valued at approximately $187,000. EFG International AG bought a new position in Serve Robotics in the second quarter valued at approximately $76,000. Finally, Legal & General Group Plc acquired a new stake in Serve Robotics during the 2nd quarter worth $8,410,000.

Serve Robotics News Summary

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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