Ali Kashani Sells 5,000 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 5,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $14.55, for a total value of $72,750.00. Following the sale, the chief executive officer now directly owns 3,290,990 shares in the company, valued at $47,883,904.50. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $16.50, for a total transaction of $123,750.00.
• 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 value 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 value of $16,178.40.
• On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.93, for a total value of $335,925.00.
• On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was 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 shares were sold at an average price of $13.52, for a total transaction of $33,800.00.
• On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The stock was sold at an average price of $11.39, for a total transaction of $362,099.49.
• On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The shares were sold at an average price of $8.77, for a total value of $85,235.63.
• On Thursday, November 21st, Ali Kashani sold 1,109 shares of Serve Robotics stock. The stock was sold at an average price of $8.79, for a total value of $9,748.11.

Serve Robotics Trading Down 7.7 %

Shares of SERV stock opened at $16.29 on Friday. Serve Robotics Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $24.09. The stock has a 50 day moving average price of $10.83 and a two-hundred day moving average price of $8.73.

Analyst Ratings Changes

A number of analysts recently weighed in on SERV shares. Northland Capmk upgraded Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Monday, October 7th. 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. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Serve Robotics in a research note on Monday, October 28th. They issued a “buy” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of $16.00.

Institutional Investors Weigh In On Serve Robotics

Several institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC bought a new position in Serve Robotics in the second quarter worth about $110,000. Thomist Capital Management LP bought a new stake in Serve Robotics during the 2nd quarter valued at approximately $407,000. Bfsg LLC purchased a new position in shares of Serve Robotics during the 3rd quarter worth approximately $38,000. Harbour Capital Advisors LLC bought a new position in shares of Serve Robotics in the 3rd quarter worth approximately $198,000. Finally, Yong Rong HK Asset Management Ltd bought a new position in shares of Serve Robotics in the 3rd quarter worth approximately $9,636,000.

Serve Robotics Company 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.