Ali Kashani Sells 2,500 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) 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):

• On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The shares were sold at an average price of $16.05, for a total value of $16,178.40.
• On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The shares were sold at an average price of $14.93, for a total transaction of $335,925.00.
• On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $12.48, for a total transaction of $31,200.00.
• On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.52, for a total transaction of $33,800.00.
• On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The shares were sold at an average price of $11.39, for a total value of $362,099.49.
• On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The shares were sold at an average price of $8.77, for a total value of $85,235.63.
• 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 Stock Performance

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.

Analysts Set New Price Targets

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.

Institutional Trading of Serve Robotics

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 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.