Serve Robotics (NASDAQ:SERV) CFO Sells $46,560.00 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 9,700 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.80, for a total value of $46,560.00. Following the sale, the chief financial officer owned 276,002 shares in the company, valued at $1,324,809.60. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were 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 value of $10,831.04.

Serve Robotics Price Performance

NASDAQ:SERV traded up $0.23 during mid-day trading on Wednesday, reaching $4.78. The company’s stock had a trading volume of 4,151,816 shares, compared to its average volume of 4,878,985. The stock has a market cap of $414.47 million, a P/E ratio of -1.95 and a beta of 1.35. The company’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $8.00. Serve Robotics Inc. has a twelve month low of $4.32 and a twelve month high of $18.64.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) EPS 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 company had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Sell-side analysts expect that Serve Robotics Inc. will post -2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. LADENBURG THALM/SH SH upped their price objective on Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings raised Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald lowered Serve Robotics from an “overweight” rating to a “neutral” rating in a research note on Friday, August 7th. Guggenheim cut their price objective on Serve Robotics from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Freedom Capital raised Serve Robotics from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.80.

Hedge Funds Weigh In On Serve Robotics

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Serve Robotics by 13.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,835 shares of the company’s stock worth $756,000 after purchasing an additional 13,965 shares during the period. Bank of America Corp DE acquired a new stake in Serve Robotics in the 2nd quarter valued at $955,000. Jupiter Topco LLC purchased a new position in Serve Robotics in the second quarter valued at about $187,000. EFG International AG purchased a new position in Serve Robotics in the second quarter valued at about $76,000. Finally, Legal & General Group Plc acquired a new position in shares of Serve Robotics during the second quarter worth about $8,410,000.

Key Headlines Impacting 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

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.