Brian Read Sells 1,291 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Posted by Casey Walker on Jul 3rd, 2025

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CFO Brian Read sold 1,291 shares of Serve Robotics stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $10.83, for a total transaction of $13,981.53. Following the sale, the chief financial officer owned 216,414 shares of the company’s stock, valued at approximately $2,343,763.62. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Brian Read also recently made the following trade(s):

On Monday, June 9th, Brian Read sold 2,000 shares of Serve Robotics stock. The stock was sold at an average price of $12.59, for a total transaction of $25,180.00.
On Friday, May 30th, Brian Read sold 1,295 shares of Serve Robotics stock. The stock was sold at an average price of $11.56, for a total transaction of $14,970.20.
On Tuesday, May 27th, Brian Read sold 3,000 shares of Serve Robotics stock. The stock was sold at an average price of $12.15, for a total transaction of $36,450.00.
On Thursday, May 22nd, Brian Read sold 1,000 shares of Serve Robotics stock. The stock was sold at an average price of $11.52, for a total transaction of $11,520.00.
On Tuesday, May 13th, Brian Read sold 8,900 shares of Serve Robotics stock. The stock was sold at an average price of $8.95, for a total transaction of $79,655.00.
On Friday, May 9th, Brian Read sold 7,000 shares of Serve Robotics stock. The stock was sold at an average price of $8.03, for a total transaction of $56,210.00.
On Friday, May 2nd, Brian Read sold 29,100 shares of Serve Robotics stock. The stock was sold at an average price of $7.06, for a total transaction of $205,446.00.

Serve Robotics Trading Up 0.5%

NASDAQ:SERV opened at $10.95 on Thursday. The firm has a market capitalization of $624.26 million, a price-to-earnings ratio of -10.33 and a beta of 0.13. The firm’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $11.27. Serve Robotics Inc. has a twelve month low of $1.82 and a twelve month high of $24.35.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on shares of Serve Robotics in a research note on Thursday, May 22nd. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Serve Robotics currently has a consensus rating of “Strong Buy” and a consensus price target of $18.67.

Check Out Our Latest Research Report on SERV

Hedge Funds Weigh In On Serve Robotics

A number of institutional investors have recently added to or reduced their stakes in the company. Uber Technologies Inc acquired a new position in Serve Robotics in the 4th quarter worth $71,534,000. Vanguard Group Inc. lifted its holdings in Serve Robotics by 74.6% in the 4th quarter. Vanguard Group Inc. now owns 1,274,303 shares of the company’s stock worth $17,203,000 after buying an additional 544,537 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Serve Robotics by 31.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 882,522 shares of the company’s stock worth $5,075,000 after buying an additional 210,977 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Serve Robotics in the 1st quarter worth about $4,244,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Serve Robotics by 616.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company’s stock worth $3,972,000 after purchasing an additional 584,302 shares during the last quarter.

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.