Serve Robotics Inc. (NASDAQ:SERV) CEO Sells $85,235.63 in Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 9,719 shares of Serve Robotics stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.77, for a total transaction of $85,235.63. Following the sale, the chief executive officer now owns 3,355,238 shares in the company, valued at approximately $29,425,437.26. This trade represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $9,748.11.

Serve Robotics Stock Performance

NASDAQ:SERV opened at $8.70 on Friday. Serve Robotics Inc. has a 12 month low of $1.77 and a 12 month high of $24.09. The company’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $7.33.

Hedge Funds Weigh In On Serve Robotics

A number of institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC bought a new position in shares of Serve Robotics in the third quarter worth about $26,000. Bfsg LLC bought a new position in shares of Serve Robotics in the third quarter worth about $38,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Serve Robotics in the third quarter worth about $68,000. Quantum Private Wealth LLC bought a new position in shares of Serve Robotics in the third quarter worth about $80,000. Finally, Quadrature Capital Ltd bought a new position in shares of Serve Robotics in the third quarter worth about $148,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 target price on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Serve Robotics in a research report on Monday, October 28th. They issued a “buy” rating and a $16.00 price target on the stock. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Northland Capmk upgraded shares of Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Two investment 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 presently has a consensus rating of “Strong Buy” and a consensus price target of $16.00.

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.