Insider Selling: Serve Robotics (NASDAQ:SERV) Insider Sells $35,027.94 in Stock

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,567 shares of Serve Robotics stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $9.82, for a total value of $35,027.94. Following the transaction, the insider owned 540,919 shares of the company’s stock, valued at $5,311,824.58. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Anthony Armenta also recently made the following trade(s):

• On Friday, February 13th, Anthony Armenta sold 3,432 shares of Serve Robotics stock. The shares were sold at an average price of $9.38, for a total value of $32,192.16.
• On Wednesday, February 4th, Anthony Armenta sold 3,223 shares of Serve Robotics stock. The stock was sold at an average price of $10.33, for a total value of $33,293.59.
• On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The stock was sold at an average price of $14.27, for a total value of $55,553.11.

Serve Robotics Trading Down 2.0%

SERV stock opened at $9.43 on Thursday. Serve Robotics Inc. has a 1-year low of $4.66 and a 1-year high of $18.64. The business’s 50 day simple moving average is $11.07 and its 200 day simple moving average is $11.61. The firm has a market capitalization of $713.76 million, a PE ratio of -5.93 and a beta of 0.90.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.03. The firm had revenue of $0.88 million during the quarter, compared to analysts’ expectations of $0.77 million. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. As a group, sell-side analysts predict that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

SERV has been the subject of several research reports. Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, December 31st. Cantor Fitzgerald decreased their target price on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research note on Thursday, December 18th. Oppenheimer initiated coverage on Serve Robotics in a report on Thursday, December 18th. They set an “outperform” rating and a $20.00 price target for the company. Finally, Loop Capital set a $16.00 price objective on Serve Robotics in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $18.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vontobel Holding Ltd. grew its position in Serve Robotics by 6.7% during the third quarter. Vontobel Holding Ltd. now owns 22,427 shares of the company’s stock worth $261,000 after buying an additional 1,417 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in shares of Serve Robotics by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company’s stock valued at $1,731,000 after acquiring an additional 1,704 shares during the period. Creative Planning grew its holdings in shares of Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after purchasing an additional 1,877 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Serve Robotics by 38.0% during the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock worth $73,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Phoenix Financial Ltd. increased its position in shares of Serve Robotics by 13.3% in the third quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock worth $198,000 after purchasing an additional 2,000 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.