Gordian Capital Singapore Pte Ltd Buys New Position in Serve Robotics Inc. (NASDAQ:SERV)

Gordian Capital Singapore Pte Ltd bought a new stake in Serve Robotics Inc. (NASDAQ:SERV) during the third quarter, Holdings Channel.com reports. The fund bought 8,593 shares of the company’s stock, valued at approximately $68,000.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC purchased a new position in shares of Serve Robotics during the third quarter worth approximately $26,000. Bfsg LLC purchased a new position in shares of Serve Robotics during the third quarter worth approximately $38,000. Quantum Private Wealth LLC purchased a new position in shares of Serve Robotics during the third quarter worth approximately $80,000. Quadrature Capital Ltd purchased a new position in shares of Serve Robotics during the third quarter worth approximately $148,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Serve Robotics during the third quarter worth approximately $152,000.

Analyst Ratings Changes

SERV has been the topic of several research reports. LADENBURG THALM/SH SH initiated coverage on shares of Serve Robotics in a research note on Monday, October 28th. They set a “buy” rating and a $16.00 price target on the stock. Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. Northland Securities initiated coverage on shares of Serve Robotics in a research note on Friday, October 18th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Seaport Res Ptn raised shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Serve Robotics has a consensus rating of “Strong Buy” and an average target price of $16.00.

Insider Activity at Serve Robotics

In other news, CEO Ali Kashani sold 9,719 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.77, for a total transaction of $85,235.63. Following the sale, the chief executive officer now owns 3,355,238 shares in the company, valued at approximately $29,425,437.26. The trade was a 0.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Buckly Jordan sold 64,408 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $8.57, for a total transaction of $551,976.56. Following the sale, the director now owns 449,052 shares in the company, valued at approximately $3,848,375.64. This trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,337 shares of company stock worth $690,974 over the last quarter. Corporate insiders own 21.40% of the company’s stock.

Serve Robotics Stock Up 23.8 %

Shares of NASDAQ SERV opened at $11.80 on Monday. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.09. The firm’s fifty day moving average is $9.22 and its 200 day moving average is $7.61.

Serve Robotics Profile

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.