Serve Robotics (NASDAQ:SERV) COO Touraj Parang Sells 5,993 Shares

Key Points

• Serve Robotics COO Touraj Parang sold 5,993 shares on May 6 at an average price of $9.29, totaling about $55,675. The filing says the sale was made to cover tax withholding tied to vesting equity awards.
• The company reported mixed first-quarter results, posting earnings of -$0.65 per share versus estimates of -$0.57, while revenue came in at $2.98 million and slightly beat expectations. Despite the revenue beat, Serve continues to show very weak profitability metrics.
• Analyst sentiment remains mostly positive with a consensus rating of “Buy” and an average price target of $17.67, though views are mixed across firms. Recent coverage included upgrades from Guggenheim and Ladenburg Thalm/SH, alongside a sell rating from Weiss.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) COO Touraj Parang sold 5,993 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $9.29, for a total value of $55,674.97. Following the sale, the chief operating officer owned 1,306,351 shares in the company, valued at approximately $12,136,000.79. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Touraj Parang also recently made the following trade(s):

• On Thursday, May 7th, Touraj Parang sold 3,888 shares of Serve Robotics stock. The shares were sold at an average price of $9.26, for a total transaction of $36,002.88.
• On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total transaction of $33,281.82.
• On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total transaction of $38,121.84.
• On Wednesday, February 11th, Touraj Parang sold 3,558 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $36,184.86.

Serve Robotics Price Performance

Shares of SERV traded down $0.32 during midday trading on Friday, hitting $8.77. The stock had a trading volume of 5,537,114 shares, compared to its average volume of 4,885,194. Serve Robotics Inc. has a 1 year low of $6.60 and a 1 year high of $18.64. The firm has a market cap of $678.14 million, a PE ratio of -5.52 and a beta of 0.96. The stock's 50 day moving average is $9.25 and its 200 day moving average is $10.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Guggenheim started coverage on Serve Robotics in a report on Monday, April 20th. They issued a "buy" rating and a $13.00 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Serve Robotics in a research report on Friday, March 27th. LADENBURG THALM/SH SH upgraded Serve Robotics to a "strong-buy" rating in a report on Wednesday. Finally, Cantor Fitzgerald dropped their target price on Serve Robotics from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 17th. Two 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 MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $17.67.

Trending Headlines about Serve Robotics

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

Institutional Trading of Serve Robotics

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Serve Robotics by 25.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company's stock worth $30,178,000 after purchasing an additional 521,945 shares during the last quarter. Geode Capital Management LLC boosted its position in Serve Robotics by 29.1% during the fourth quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company's stock worth $15,137,000 after purchasing an additional 328,405 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Serve Robotics by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,247,559 shares of the company's stock worth $12,950,000 after purchasing an additional 138,558 shares in the last quarter. State Street Corp boosted its position in Serve Robotics by 29.5% during the fourth quarter. State Street Corp now owns 1,245,411 shares of the company's stock worth $12,927,000 after purchasing an additional 283,497 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Serve Robotics by 34.5% during the fourth quarter. First Trust Advisors LP now owns 1,022,459 shares of the company's stock worth $10,613,000 after purchasing an additional 262,348 shares in the last quarter.

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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