Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 2,500 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,295,990 shares in the company, valued at $48,451,053. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ali Kashani also recently made the following trade(s):
Shares of SERV stock traded up $0.12 on Monday, hitting $14.73. The stock had a trading volume of 9,599,820 shares, compared to its average volume of 9,469,583. Serve Robotics Inc. has a 12-month low of $1.77 and a 12-month high of $24.09. The business has a 50 day moving average of $10.18 and a 200 day moving average of $8.38.
SERV has been the topic of several research reports. LADENBURG THALM/SH SH started 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. Seaport Res Ptn upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Monday, October 7th. Northland Securities began coverage on Serve Robotics in a research note on Friday, October 18th. They set an "outperform" rating and a $16.00 price target for the company. Finally, Northland Capmk raised Serve Robotics to a "strong-buy" rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Strong Buy" and a consensus price target of $16.00.
Read Our Latest Report on SERV
Institutional investors and hedge funds have recently modified their holdings of the business. PFG Investments LLC purchased a new position in Serve Robotics in the second quarter valued at about $110,000. Thomist Capital Management LP bought a new stake in shares of Serve Robotics in the 2nd quarter worth approximately $407,000. Bfsg LLC purchased a new position in Serve Robotics in the third quarter valued at approximately $38,000. Harbour Capital Advisors LLC bought a new position in Serve Robotics during the third quarter valued at $198,000. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in Serve Robotics in the third quarter worth $9,636,000.
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.
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