Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani Sells 9,719 Shares

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 9,719 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.77, for a total transaction of $85,235.63. Following the completion of the sale, the chief executive officer now owns 3,355,238 shares in the company, valued at $29,425,437.26. This represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Trading Down 2.2 %

SERV opened at $8.59 on Thursday. Serve Robotics Inc. has a 12-month low of $1.77 and a 12-month high of $24.09. The stock has a 50-day moving average price of $9.02 and a 200-day moving average price of $7.28.

Institutional Trading of Serve Robotics

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Serve Robotics in the 3rd quarter worth approximately $26,000. Bfsg LLC purchased a new position in Serve Robotics in the 3rd quarter worth $38,000. Gordian Capital Singapore Pte Ltd bought a new stake in Serve Robotics in the third quarter worth $68,000. Quantum Private Wealth LLC purchased a new stake in Serve Robotics during the third quarter valued at about $80,000. Finally, PFG Investments LLC bought a new position in shares of Serve Robotics during the second quarter valued at about $110,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Northland Capmk upgraded Serve Robotics to a “strong-buy” rating in a research note on Friday, October 18th. LADENBURG THALM/SH SH began coverage on shares of Serve Robotics in a research note on Monday, October 28th. They issued a “buy” rating and a $16.00 target price 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 Securities started coverage on shares of Serve Robotics in a report on Friday, October 18th. They issued an “outperform” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price 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.