Ali Kashani Sells 2,055 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 2,055 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $7.37, for a total value of $15,145.35. Following the completion of the transaction, the chief executive officer now owns 3,226,797 shares in the company, valued at approximately $23,781,493.89. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 11th, Ali Kashani purchased 3,000 shares of Serve Robotics stock. The stock was purchased at an average price of $6.85 per share, for a total transaction of $20,550.00.
• On Thursday, February 27th, Ali Kashani sold 3,713 shares of Serve Robotics stock. The shares were sold at an average price of $9.21, for a total value of $34,196.73.
• On Monday, January 6th, Ali Kashani sold 37,500 shares of Serve Robotics stock. The shares were sold at an average price of $21.16, for a total value of $793,500.00.
• On Friday, January 3rd, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $17.23, for a total value of $129,225.00.
• On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $16.50, for a total value of $123,750.00.
• On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The shares were sold at an average price of $14.55, for a total value of $72,750.00.
• On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $14.70, for a total value of $36,750.00.

Serve Robotics Stock Up 1.2 %

NASDAQ:SERV opened at $7.01 on Friday. The business’s 50-day simple moving average is $13.34 and its two-hundred day simple moving average is $11.50. The stock has a market cap of $399.00 million and a PE ratio of -5.84. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.35.

Institutional Investors Weigh In On Serve Robotics

A number of institutional investors and hedge funds have recently bought and sold shares of SERV. Larson Financial Group LLC bought a new stake in shares of Serve Robotics in the third quarter worth about $26,000. Blue Trust Inc. bought a new stake in shares of Serve Robotics in the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC bought a new stake in shares of Serve Robotics in the fourth quarter worth about $34,000. Bogart Wealth LLC bought a new stake in shares of Serve Robotics in the fourth quarter worth about $37,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Serve Robotics in the third quarter worth about $68,000.

Wall Street Analyst Weigh In

Separately, Northland Securities set a $23.00 target price on Serve Robotics in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of $19.50.

About Serve Robotics

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.