Ali Kashani Sells 7,500 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 7,500 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $17.23, for a total value of $129,225.00. Following the completion of the sale, the chief executive officer now directly owns 3,268,490 shares of the company’s stock, valued at approximately $56,316,082.70. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction 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 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 value 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 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.

Serve Robotics Trading Down 9.7 %

Shares of Serve Robotics stock opened at $16.80 on Thursday. The stock has a fifty day simple moving average of $11.86 and a 200 day simple moving average of $9.60. Serve Robotics Inc. has a 12-month low of $1.77 and a 12-month high of $24.35.

Analyst Ratings Changes

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

Institutional Trading of Serve Robotics

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in shares of Serve Robotics during the third quarter valued at about $26,000. Bfsg LLC purchased a new stake in Serve Robotics in the 3rd quarter valued at about $38,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Serve Robotics in the 3rd quarter valued at about $68,000. Quantum Private Wealth LLC bought a new position in shares of Serve Robotics during the 3rd quarter worth approximately $80,000. Finally, PFG Investments LLC purchased a new position in shares of Serve Robotics in the 2nd quarter worth approximately $110,000.

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.