Serve Robotics (NASDAQ:SERV) CFO Sells $25,919.10 in Stock

Key Points

• Serve Robotics CFO Brian Read sold 2,790 shares on May 6 at an average price of $9.29, totaling about $25,919. The company said the sale was to cover tax withholding tied to vested equity awards, and Read still owns 318,768 shares.
• SERV shares fell 3.5% to $8.77 on Friday amid heavier-than-average trading volume. The stock remains below its 50-day and 200-day moving averages and is far off its 52-week high of $18.64.
• Quarterly results showed strong revenue growth but continued losses: Serve reported revenue of $2.98 million, above estimates, but EPS of -$0.65 missed expectations. Analysts still see upside overall, with a consensus rating of “Buy” and an average price target of $17.67.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 2,790 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total transaction of $25,919.10. Following the transaction, the chief financial officer owned 318,768 shares in the company, valued at $2,961,354.72. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, May 7th, Brian Read sold 201 shares of Serve Robotics stock. The stock was sold at an average price of $9.26, for a total transaction of $1,861.26.
• On Friday, May 1st, Brian Read sold 1,179 shares of Serve Robotics stock. The stock was sold at an average price of $9.29, for a total transaction of $10,952.91.
• On Wednesday, April 8th, Brian Read sold 200 shares of Serve Robotics stock. The stock was sold at an average price of $8.62, for a total transaction of $1,724.00.
• On Tuesday, March 10th, Brian Read sold 203 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total transaction of $1,973.16.
• On Tuesday, March 3rd, Brian Read sold 1,268 shares of Serve Robotics stock. The shares were sold at an average price of $9.61, for a total transaction of $12,185.48.
• On Wednesday, February 11th, Brian Read sold 185 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $1,881.45.

Serve Robotics Trading Down 3.5%

Shares of SERV stock traded down $0.32 during trading hours on Friday, hitting $8.77. The company's stock had a trading volume of 5,537,114 shares, compared to its average volume of 4,885,194. The business has a fifty day moving average of $9.25 and a 200-day moving average of $10.68. The stock has a market cap of $678.14 million, a price-to-earnings ratio of -5.52 and a beta of 0.96. Serve Robotics Inc. has a twelve month low of $6.60 and a twelve month high of $18.64.

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 the consensus estimate of ($0.57) by ($0.08). The business had revenue of $2.98 million during the quarter, compared to analyst estimates 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 analysts expect that Serve Robotics Inc. will post -2.59 EPS for the current fiscal year.

Institutional Trading of Serve Robotics

A number of hedge funds have recently added to or reduced their stakes in SERV. Vanguard Group Inc. increased its stake in shares of Serve Robotics by 25.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company's stock valued at $30,178,000 after acquiring an additional 521,945 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Serve Robotics by 29.1% during the 4th quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company's stock worth $15,137,000 after acquiring an additional 328,405 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Serve Robotics by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,247,559 shares of the company's stock worth $12,950,000 after acquiring an additional 138,558 shares during the last quarter. State Street Corp boosted its position in shares of Serve Robotics by 29.5% in the fourth quarter. State Street Corp now owns 1,245,411 shares of the company's stock worth $12,927,000 after acquiring an additional 283,497 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Serve Robotics by 34.5% in the fourth quarter. First Trust Advisors LP now owns 1,022,459 shares of the company's stock valued at $10,613,000 after purchasing an additional 262,348 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on SERV shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Serve Robotics in a research report on Friday, March 27th. Guggenheim assumed coverage on shares of Serve Robotics in a research report on Monday, April 20th. They issued a "buy" rating and a $13.00 price target on the stock. Cantor Fitzgerald reduced their price objective on shares of Serve Robotics from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 17th. Finally, LADENBURG THALM/SH SH raised shares of Serve Robotics to a "strong-buy" rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $17.67.

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

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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