Touraj Parang Sells 37,993 Shares of Serve Robotics (NASDAQ:SERV) Stock

Key Points

• COO Touraj Parang sold 37,993 Serve Robotics shares at an average price of $4.55, generating $172,868.15. The sale was made to cover tax withholding tied to vested equity awards, leaving him with 1,260,251 shares.
• Serve Robotics reported a quarterly loss of $0.80 per share and revenue of $3.24 million, both below analyst expectations. The stock traded near $4.78, well below its 12-month high of $18.64.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and a $14.80 price target. Recent developments include a Grubhub delivery-robot partnership, though reduced guidance and the loss of an Uber Eats deal have raised concerns.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) COO Touraj Parang sold 37,993 shares of Serve Robotics stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.55, for a total transaction of $172,868.15. Following the transaction, the chief operating officer directly owned 1,260,251 shares of the company's stock, valued at $5,734,142.05. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Wednesday, June 10th, Touraj Parang sold 4,219 shares of Serve Robotics stock. The shares were sold at an average price of $7.24, for a total transaction of $30,545.56.

Serve Robotics Price Performance

Shares of Serve Robotics stock traded up $0.23 during trading on Wednesday, hitting $4.78. The stock had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. Serve Robotics Inc. has a 12 month low of $4.32 and a 12 month high of $18.64. The firm's fifty day simple moving average is $5.76 and its 200-day simple moving average is $8.00. The stock has a market cap of $414.47 million, a PE ratio of -1.95 and a beta of 1.35.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a report on Friday, August 14th. Oppenheimer reduced their target price on Serve Robotics from $20.00 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Guggenheim decreased their target price on Serve Robotics from $13.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Cantor Fitzgerald lowered shares of Serve Robotics from an "overweight" rating to a "neutral" rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

Trending Headlines about Serve Robotics

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

Institutional Trading of Serve Robotics

A number of large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Serve Robotics during the 2nd quarter worth $26,000. Allworth Financial LP purchased a new stake in shares of Serve Robotics in the 2nd quarter worth $26,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Serve Robotics during the 4th quarter worth $31,000. Quadrant Capital Group LLC bought a new position in shares of Serve Robotics during the 4th quarter worth $31,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Serve Robotics by 299.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company's stock valued at $33,000 after buying an additional 2,392 shares during the period.

Serve Robotics Company Profile

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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