Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $129,225.00 in Stock

Posted by Doug Madison on Jan 9th, 2025

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CEO Ali Kashani sold 7,500 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $17.23, for a total transaction of $129,225.00. Following the completion of the transaction, the chief executive officer now directly owns 3,268,490 shares in the company, valued at $56,316,082.70. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ali Kashani also recently made the following trade(s):

On Monday, January 6th, Ali Kashani sold 37,500 shares of Serve Robotics stock. The shares were sold at an average price of $21.16, for a total value of $793,500.00.
On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $16.50, for a total value of $123,750.00.
On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The shares were sold at an average price of $14.55, for a total transaction of $72,750.00.
On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.70, for a total transaction of $36,750.00.
On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The shares were sold at an average price of $16.05, for a total transaction of $16,178.40.
On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The shares were sold at an average price of $14.93, for a total transaction of $335,925.00.
On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $12.48, for a total transaction of $31,200.00.
On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.52, for a total value of $33,800.00.
On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The shares were sold at an average price of $11.39, for a total value of $362,099.49.
On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The stock was sold at an average price of $8.77, for a total value of $85,235.63.

Serve Robotics Stock Down 9.7 %

Shares of SERV opened at $16.80 on Thursday. The firm’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $9.60. Serve Robotics Inc. has a 1-year low of $1.77 and a 1-year high of $24.35.

Analyst Ratings Changes

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

View Our Latest Report on Serve Robotics

Institutional Trading of Serve Robotics

A number of hedge funds have recently made changes to their positions in SERV. Larson Financial Group LLC bought a new stake in Serve Robotics in the 3rd quarter worth approximately $26,000. Bfsg LLC purchased a new stake in Serve Robotics during the third quarter valued at about $38,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Serve Robotics during the third quarter valued at about $68,000. Quantum Private Wealth LLC bought a new position in shares of Serve Robotics during the third quarter valued at about $80,000. Finally, PFG Investments LLC purchased a new position in shares of Serve Robotics in the second quarter worth about $110,000.

About Serve Robotics

(Get Free Report)

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.