Serve Robotics (NASDAQ:SERV) Insider Anthony Armenta Sells 3,223 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,223 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $33,293.59. Following the transaction, the insider directly owned 547,918 shares of the company’s stock, valued at approximately $5,659,992.94. This trade represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $55,553.11.
• On Monday, December 15th, Anthony Armenta sold 5,003 shares of Serve Robotics stock. The shares were sold at an average price of $11.96, for a total transaction of $59,835.88.
• On Friday, November 14th, Anthony Armenta sold 49,082 shares of Serve Robotics stock. The stock was sold at an average price of $9.32, for a total value of $457,444.24.

Serve Robotics Stock Up 12.5%

Shares of NASDAQ SERV traded up $1.15 during mid-day trading on Friday, hitting $10.34. 2,068,662 shares of the company were exchanged, compared to its average volume of 7,638,939. Serve Robotics Inc. has a 1-year low of $4.66 and a 1-year high of $23.10. The stock has a 50 day simple moving average of $11.97 and a 200-day simple moving average of $11.75. The firm has a market cap of $770.12 million, a price-to-earnings ratio of -6.91 and a beta of 0.33.

Serve Robotics (NASDAQ:SERV) last issued its earnings results on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.17). The company had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $0.69 million. Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%. Analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Serve Robotics News Summary

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: City-level expansion potential — The City of North Vancouver is set to consider permitting food delivery robots, a possible incremental market for Serve’s service deployments and commercial partners. City of North Vancouver to consider food delivery robots
• Neutral Sentiment: Insiders still hold large stakes — although several insiders sold shares this week, filings show executives (CEO, COO, CFO, GC and others) retain multi‑hundred‑thousand to multi‑million share positions, which can be read as partial liquidity-taking rather than full loss of confidence. SEC filing example (CEO sale)
• Negative Sentiment: Significant clustered insider selling — Multiple senior executives sold shares on Feb 3–4 (CEO Ali Kashani, CFO Brian Read, COO Touraj Parang, General Counsel Evan Dunn and others). Combined sales are roughly 28,000 shares for about $290k in proceeds at prices around $10.33, which can create downward pressure and raise investor concern about timing/intent. SEC filing example (CEO sale)
• Negative Sentiment: Viral PR incident raises reputational and regulatory risk — A widely shared video of a Serve delivery robot reportedly sidestepping a homeless man in Miami drew about 3 million views and critical social commentary; negative publicity could spur calls for local restrictions or tougher rules. “Nothing right about this reality”: 3 million people watched a delivery robot sidestep a homeless man in Miami
• Negative Sentiment: Local backlash article highlights deployment headwinds — Coverage (Fast Company) on neighborhood pushback against sidewalk delivery robots underscores potential regulatory and permitting obstacles in U.S. cities, which could slow rollout and partner adoption. My neighborhood is pushing back against sidewalk delivery robots

Hedge Funds Weigh In On Serve Robotics

A number of hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new stake in shares of Serve Robotics during the third quarter worth $27,000. CWM LLC grew its position in shares of Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after buying an additional 2,879 shares during the last quarter. Allworth Financial LP raised its stake in Serve Robotics by 316.7% during the second quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock worth $45,000 after acquiring an additional 2,964 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Serve Robotics by 166.8% in the third quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in Serve Robotics in the second quarter worth about $55,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Freedom Capital raised shares of Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Cantor Fitzgerald reissued an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Citigroup reissued an “outperform” rating on shares of Serve Robotics in a research report on Monday, October 13th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $26.00 target price on shares of Serve Robotics in a research report on Friday, January 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.80.

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.