Raymond James Financial Inc. bought a new stake in Serve Robotics Inc. (NASDAQ:SERV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 146,492 shares of the company's stock, valued at approximately $1,978,000. Raymond James Financial Inc. owned approximately 0.33% of Serve Robotics as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in Serve Robotics during the fourth quarter worth approximately $27,000. CIBC Private Wealth Group LLC bought a new stake in shares of Serve Robotics during the 4th quarter valued at $34,000. Bogart Wealth LLC acquired a new stake in Serve Robotics during the fourth quarter worth about $37,000. SG Americas Securities LLC bought a new position in Serve Robotics in the fourth quarter valued at approximately $114,000. Finally, Stephens Inc. AR acquired a new position in shares of Serve Robotics during the 4th quarter worth $142,000.
Serve Robotics Stock Up 13.3 %
NASDAQ SERV traded up $0.83 on Friday, reaching $7.05. The company had a trading volume of 6,699,547 shares, compared to its average volume of 9,365,338. Serve Robotics Inc. has a 52-week low of $1.77 and a 52-week high of $24.35. The stock has a market capitalization of $401.90 million and a P/E ratio of -5.88. The company's fifty day moving average is $6.62 and its 200 day moving average is $11.01.
Insider Activity at Serve Robotics
In other Serve Robotics news, CEO Ali Kashani sold 3,713 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $9.21, for a total value of $34,196.73. Following the sale, the chief executive officer now owns 3,225,852 shares of the company's stock, valued at $29,710,096.92. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 11,369 shares of company stock worth $90,704. Insiders own 21.40% of the company's stock.
Analysts Set New Price Targets
Separately, Northland Securities set a $23.00 target price on Serve Robotics in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Strong Buy" and an average price target of $19.50.
View Our Latest Report on Serve Robotics
About Serve Robotics
(
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.
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