Serve Robotics (NASDAQ:SERV) CEO Sells $135,603.44 in Stock

Key Points

• CEO Ali Kashani sold 14,644 shares of Serve Robotics at an average price of $9.26, totaling about $135,603. The company said the sale was to cover tax withholding obligations tied to vesting equity awards, and his remaining stake is still valued at roughly $30.5 million.
• Serve Robotics missed earnings expectations in its latest quarterly report, posting a loss of $0.65 per share versus the $0.57 loss analysts expected. Revenue came in at $2.98 million, beating estimates, but profitability remained deeply negative.
• The stock fell 3.5% to $8.77 amid heavy trading, and it remains below its 200-day moving average. Despite recent volatility, analysts still have a consensus Buy rating with a $17.67 target price.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 14,644 shares of Serve Robotics stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.26, for a total transaction of $135,603.44. Following the completion of the transaction, the chief executive officer directly owned 3,293,976 shares in the company, valued at approximately $30,502,217.76. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, May 6th, Ali Kashani sold 11,753 shares of Serve Robotics stock. The shares were sold at an average price of $9.29, for a total transaction of $109,185.37.
• 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 transaction of $131,220.00.
• On Wednesday, February 11th, Ali Kashani sold 9,259 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $94,164.03.

Serve Robotics Trading Down 3.5%

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Next Capital Management LLC increased its stake in shares of Serve Robotics by 60.9% in the first quarter. Next Capital Management LLC now owns 26,425 shares of the company's stock worth $223,000 after acquiring an additional 10,000 shares during the period. Swiss National Bank raised its position in Serve Robotics by 5.2% during the first quarter. Swiss National Bank now owns 117,800 shares of the company's stock valued at $994,000 after acquiring an additional 5,800 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in Serve Robotics by 28.7% in the first quarter. Wealthfront Advisers LLC now owns 14,791 shares of the company's stock valued at $125,000 after acquiring an additional 3,302 shares during the period. Bank of New York Mellon Corp lifted its holdings in Serve Robotics by 18.4% in the first quarter. Bank of New York Mellon Corp now owns 179,781 shares of the company's stock valued at $1,517,000 after acquiring an additional 27,881 shares during the period. Finally, NFSG Corp boosted its position in Serve Robotics by 27.6% in the 1st quarter. NFSG Corp now owns 11,570 shares of the company's stock worth $98,000 after purchasing an additional 2,500 shares in the last quarter.

More 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

Wall Street Analysts Forecast Growth

SERV has been the subject of a number of recent analyst reports. Cantor Fitzgerald lowered their price target on Serve Robotics from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Tuesday, March 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Serve Robotics in a research note on Friday, March 27th. Guggenheim started coverage on Serve Robotics in a report on Monday, April 20th. They issued a "buy" rating and a $13.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded Serve Robotics to a "strong-buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Serve Robotics presently has a consensus rating of "Buy" and a consensus target price of $17.67.

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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