Serve Robotics (NASDAQ:SERV) Insider Anthony Armenta Sells 3,223 Shares

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,223 shares of Serve Robotics stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $33,293.59. Following the completion of the sale, the insider owned 547,918 shares of the company’s stock, valued at $5,659,992.94. This trade represents a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anthony Armenta also recently made the following trade(s):

• On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The stock was sold at an average price of $14.27, for a total value of $55,553.11.
• On Monday, December 15th, Anthony Armenta sold 5,003 shares of Serve Robotics stock. The stock was sold at an average price of $11.96, for a total value of $59,835.88.
• On Friday, November 14th, Anthony Armenta sold 49,082 shares of Serve Robotics stock. The shares were sold at an average price of $9.32, for a total transaction of $457,444.24.

Serve Robotics Stock Performance

Shares of Serve Robotics stock traded down $0.97 on Thursday, reaching $9.19. 5,272,043 shares of the stock were exchanged, compared to its average volume of 7,876,584. The firm’s 50 day moving average is $11.99 and its 200-day moving average is $11.77. The firm has a market cap of $684.50 million, a PE ratio of -6.17 and a beta of 0.33. Serve Robotics Inc. has a one year low of $4.66 and a one year high of $23.10.

Serve Robotics (NASDAQ:SERV) last issued its earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. The business had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.69 million. On average, equities research analysts expect that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SERV. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Oppenheimer assumed coverage on Serve Robotics in a research report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Citigroup reissued an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. Finally, Freedom Capital upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.80.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in shares of Serve Robotics during the 3rd quarter valued at about $8,840,000. Geode Capital Management LLC grew its position in shares of Serve Robotics by 176.0% during the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock worth $10,054,000 after buying an additional 560,361 shares during the period. Vanguard Group Inc. increased its stake in shares of Serve Robotics by 25.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock valued at $30,178,000 after acquiring an additional 521,945 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Serve Robotics by 157.9% during the 2nd quarter. Bank of America Corp DE now owns 401,557 shares of the company’s stock valued at $4,594,000 after acquiring an additional 245,858 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Serve Robotics by 280.4% during the first quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock worth $1,709,000 after acquiring an additional 219,018 shares in the last quarter.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.