Touraj Parang Sells 3,888 Shares of Serve Robotics (NASDAQ:SERV) Stock

Posted by James Quigley on May 10th, 2026

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) COO Touraj Parang sold 3,888 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $9.26, for a total value of $36,002.88. Following the sale, the chief operating officer directly owned 1,302,463 shares in the company, valued at $12,060,807.38. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Touraj Parang also recently made the following trade(s):

On Wednesday, May 6th, Touraj Parang sold 5,993 shares of Serve Robotics stock. The shares were sold at an average price of $9.29, for a total value of $55,674.97.
On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total value of $33,281.82.
On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total value of $38,121.84.
On Wednesday, February 11th, Touraj Parang sold 3,558 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total value of $36,184.86.

Serve Robotics Trading Down 3.5%

Shares of NASDAQ SERV opened at $8.77 on Friday. The stock has a market capitalization of $678.10 million, a PE ratio of -4.36 and a beta of 0.96. The stock’s fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $10.68. Serve Robotics Inc. has a 12-month low of $6.60 and a 12-month high of $18.64.

Serve Robotics (NASDAQ:SERV – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.08). The company had revenue of $2.98 million for the quarter, compared to the consensus estimate of $2.83 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 48.88%. On average, equities analysts predict that Serve Robotics Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a report on Wednesday. Guggenheim assumed coverage on Serve Robotics in a report on Monday, April 20th. They set a “buy” rating and a $13.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a report on Friday, March 27th. Finally, Cantor Fitzgerald decreased their price objective on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.67.

Check Out Our Latest Research Report on Serve Robotics

Hedge Funds Weigh In On Serve Robotics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC raised its stake in shares of Serve Robotics by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company’s stock valued at $1,731,000 after buying an additional 1,704 shares during the last quarter. Creative Planning raised its stake in shares of Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $172,000 after buying an additional 1,877 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Serve Robotics by 38.0% during the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company’s stock valued at $73,000 after buying an additional 1,927 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Serve Robotics by 9.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company’s stock valued at $282,000 after buying an additional 2,000 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its stake in shares of Serve Robotics by 13.3% during the 3rd quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock valued at $198,000 after buying an additional 2,000 shares during the last quarter.

More Serve Robotics News

Here are the key news stories impacting Serve Robotics this week:

Positive Sentiment: Serve reported first-quarter revenue of $2.98 million, well above estimates, with revenue up 578% year over year and 238% sequentially, showing rapid top-line growth. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
Positive Sentiment: The company raised optimism around its long-term addressable market, citing physical AI and autonomous delivery upside, which may support the investment thesis. Serve Robotics points to its physical AI, autonomous delivery upside
Positive Sentiment: Serve’s expanding operating footprint and new vertical exposure from the Diligent Robotics acquisition could improve growth prospects over time. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
Positive Sentiment: Analyst sentiment improved after the report, with LADENBURG THALM/SH upgrading Serve Robotics to “strong-buy.” Zacks.com
Neutral Sentiment: Vancouver approved a 6-month delivery robot pilot program, which is supportive of industry adoption but is not a direct financial catalyst yet. Vancouver approves 6-month delivery robot pilot program
Neutral Sentiment: Coverage around delivery robots expanding in cities like Vancouver and Los Angeles suggests broader market acceptance, but the impact on SERV’s near-term earnings is uncertain. No tip required: food-delivery robots to roll on Vancouver sidewalks
Negative Sentiment: Despite strong revenue growth, Serve posted a Q1 loss of $0.65 per share, wider than a year ago and below expectations, highlighting continued profitability pressure. Serve Robotics Inc. (SERV) Reports Q1 Loss, Beats Revenue Estimates
Negative Sentiment: Management’s FY 2026 revenue guidance of about $26 million only slightly topped consensus, suggesting investors may still be waiting for a bigger upside surprise. Serve Robotics stock page
Negative Sentiment: The company continues to report very weak margins and negative return on equity, reinforcing concerns that scaling the business remains expensive. Serve Robotics stock page

Serve Robotics Company Profile

(Get Free Report)

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.