Serve Robotics (NASDAQ:SERV) CFO Sells 9,700 Shares

Key Points

• Serve Robotics CFO Brian Read sold 9,700 shares at an average price of $4.80, generating $46,560. The sale, which reduced his holdings by 3.4%, was made to cover tax withholding tied to vested equity awards.
• SERV shares traded around $4.78, near their one-year low of $4.32 and well below the 50-day and 200-day moving averages of $5.76 and $8.00. The company also reported a quarterly loss and revenue below analyst expectations.
• Despite recent executive selling and reduced guidance, analysts maintain a consensus “Moderate Buy” rating with a $14.80 target price, while institutional investors including BlackRock and Vanguard recently increased their positions.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 9,700 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.80, for a total value of $46,560.00. Following the completion of the sale, the chief financial officer directly owned 276,002 shares in the company, valued at $1,324,809.60. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Tuesday, August 18th, Brian Read sold 6,129 shares of Serve Robotics stock. The stock was sold at an average price of $4.56, for a total value of $27,948.24.
• On Monday, August 17th, Brian Read sold 25,240 shares of Serve Robotics stock. The stock was sold at an average price of $5.24, for a total value of $132,257.60.
• 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 Stock Performance

Shares of NASDAQ:SERV traded up $0.23 during trading hours on Wednesday, reaching $4.78. The stock had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. The stock has a market capitalization of $414.47 million, a price-to-earnings ratio of -1.95 and a beta of 1.35. The firm's 50 day moving average is $5.76 and its 200-day moving average is $8.00. Serve Robotics Inc. has a 1 year low of $4.32 and a 1 year high of $18.64.

Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $3.24 million during the quarter, compared to analyst estimates of $3.51 million. Analysts forecast that Serve Robotics Inc. will post -2.71 EPS for the current year.

Institutional Trading of Serve Robotics

Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Serve Robotics by 24.5% in the 2nd quarter. BlackRock Inc. now owns 6,040,854 shares of the company's stock valued at $39,749,000 after purchasing an additional 1,190,622 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Serve Robotics by 25.2% in the third quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company's stock valued at $30,178,000 after buying an additional 521,945 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Serve Robotics by 29.1% in the fourth quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company's stock valued at $15,137,000 after buying an additional 328,405 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Serve Robotics during the second quarter valued at approximately $8,410,000. Finally, State Street Corp lifted its stake in shares of Serve Robotics by 29.5% during the fourth quarter. State Street Corp now owns 1,245,411 shares of the company's stock valued at $12,927,000 after buying an additional 283,497 shares during the period.

Wall Street Analyst Weigh In

SERV has been the topic of several research analyst reports. Weiss Ratings raised Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their price target on shares of Serve Robotics from $15.00 to $16.60 and gave the stock a "buy" rating in a research note 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. Oppenheimer dropped their target price on shares of Serve Robotics from $20.00 to $7.00 and set an "outperform" rating for the company in a report on Friday, August 7th. Finally, Cantor Fitzgerald cut Serve Robotics from an "overweight" rating to a "neutral" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Serve Robotics has an average rating of "Moderate Buy" and a consensus target price of $14.80.

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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