Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani Sells 2,500 Shares

Posted by Denise Davis on Dec 26th, 2024

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CEO Ali Kashani sold 2,500 shares of Serve Robotics stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.70, for a total value of $36,750.00. Following the completion of the transaction, the chief executive officer now owns 3,295,990 shares of the company’s stock, valued at approximately $48,451,053. This represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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 shares were 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 stock was 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 transaction 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 Price Performance

NASDAQ SERV opened at $14.14 on Thursday. The stock’s fifty day moving average is $10.51 and its two-hundred day moving average is $8.58. Serve Robotics Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $24.09.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Serve Robotics

Institutional Investors Weigh In On Serve Robotics

A number of hedge funds have recently modified their holdings of SERV. Yong Rong HK Asset Management Ltd purchased a new position in Serve Robotics during the third quarter worth about $9,636,000. Thomist Capital Management LP acquired a new stake in shares of Serve Robotics during the 2nd quarter worth approximately $407,000. Geode Capital Management LLC raised its position in shares of Serve Robotics by 128.1% during the 3rd quarter. Geode Capital Management LLC now owns 130,853 shares of the company’s stock valued at $1,041,000 after buying an additional 73,496 shares during the period. PFG Investments LLC acquired a new position in Serve Robotics in the second quarter valued at approximately $110,000. Finally, State Street Corp purchased a new position in Serve Robotics in the third quarter worth approximately $333,000.

Serve Robotics Company Profile

(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.