Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $123,750.00 in Stock

Posted by James Quigley on Dec 30th, 2024

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CEO Ali Kashani sold 7,500 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $16.50, for a total transaction of $123,750.00. Following the transaction, the chief executive officer now directly owns 3,283,490 shares of the company’s stock, valued at approximately $54,177,585. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The stock was sold at an average price of $14.55, for a total value of $72,750.00.
On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were 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 stock was 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $8.79, for a total value of $9,748.11.

Serve Robotics Stock Down 7.7 %

Shares of SERV stock opened at $16.29 on Monday. The stock’s fifty day simple moving average is $10.83 and its 200 day simple moving average is $8.82. Serve Robotics Inc. has a one year low of $1.77 and a one year high of $24.09.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SERV. Northland Securities assumed coverage on Serve Robotics in a report on Friday, October 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. 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 objective for the company. Finally, Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. Two equities 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 MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $16.00.

Read Our Latest Stock Report on Serve Robotics

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Serve Robotics during the 3rd quarter worth about $9,636,000. Thomist Capital Management LP bought a new stake in Serve Robotics during the second quarter worth about $407,000. PFG Investments LLC bought a new stake in Serve Robotics during the second quarter worth about $110,000. Bfsg LLC acquired a new stake in shares of Serve Robotics during the third quarter worth approximately $38,000. Finally, GSA Capital Partners LLP bought a new position in shares of Serve Robotics in the third quarter valued at approximately $152,000.

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.