Serve Robotics (NASDAQ:SERV) COO Sells $55,674.97 in Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 5,993 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $9.29, for a total transaction of $55,674.97. Following the transaction, the chief operating officer directly owned 1,306,351 shares in the company, valued at approximately $12,136,000.79. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Touraj Parang also recently made the following trade(s):

• On Thursday, May 7th, Touraj Parang sold 3,888 shares of Serve Robotics stock. The shares were sold at an average price of $9.26, for a total transaction of $36,002.88.
• On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total transaction of $33,281.82.
• On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total transaction of $38,121.84.
• On Wednesday, February 11th, Touraj Parang sold 3,558 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $36,184.86.

Serve Robotics Trading Down 3.5%

SERV traded down $0.32 during midday trading on Friday, hitting $8.77. 5,537,114 shares of the company traded hands, compared to its average volume of 4,885,194. The company has a market capitalization of $678.14 million, a price-to-earnings ratio of -5.52 and a beta of 0.96. The business has a 50 day simple moving average of $9.25 and a two-hundred day simple moving average of $10.68. Serve Robotics Inc. has a 52-week low of $6.60 and a 52-week high of $18.64.

Serve Robotics (NASDAQ:SERV) last released its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.08). The firm had revenue of $2.98 million during the quarter, compared to analysts’ expectations of $2.83 million. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. Equities research analysts anticipate that Serve Robotics Inc. will post -2.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Guggenheim initiated coverage on Serve Robotics in a research report on Monday, April 20th. They issued a “buy” rating and a $13.00 target price on the stock. Cantor Fitzgerald decreased their price target on shares of Serve Robotics from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a research note on Friday, March 27th. Finally, LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Serve Robotics currently has an average rating of “Buy” and an average price target of $17.67.

Institutional Investors Weigh In On Serve Robotics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Serve Robotics in the 3rd quarter valued at approximately $27,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Serve Robotics in the 4th quarter valued at approximately $31,000. Quadrant Capital Group LLC purchased a new stake in shares of Serve Robotics in the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after acquiring an additional 2,392 shares during the period. Finally, CWM LLC raised its stake in shares of Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after acquiring an additional 2,879 shares during the period.

Serve Robotics News Summary

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Serve reported first-quarter revenue of $2.98 million, well above estimates, with revenue up 578% year over year and 238% sequentially, showing rapid top-line growth. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: The company raised optimism around its long-term addressable market, citing physical AI and autonomous delivery upside, which may support the investment thesis. Serve Robotics points to its physical AI, autonomous delivery upside
• Positive Sentiment: Serve’s expanding operating footprint and new vertical exposure from the Diligent Robotics acquisition could improve growth prospects over time. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: Analyst sentiment improved after the report, with LADENBURG THALM/SH upgrading Serve Robotics to “strong-buy.” Zacks.com
• Neutral Sentiment: Vancouver approved a 6-month delivery robot pilot program, which is supportive of industry adoption but is not a direct financial catalyst yet. Vancouver approves 6-month delivery robot pilot program
• Neutral Sentiment: Coverage around delivery robots expanding in cities like Vancouver and Los Angeles suggests broader market acceptance, but the impact on SERV’s near-term earnings is uncertain. No tip required: food-delivery robots to roll on Vancouver sidewalks
• Negative Sentiment: Despite strong revenue growth, Serve posted a Q1 loss of $0.65 per share, wider than a year ago and below expectations, highlighting continued profitability pressure. Serve Robotics Inc. (SERV) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Management’s FY 2026 revenue guidance of about $26 million only slightly topped consensus, suggesting investors may still be waiting for a bigger upside surprise. Serve Robotics stock page
• Negative Sentiment: The company continues to report very weak margins and negative return on equity, reinforcing concerns that scaling the business remains expensive. Serve Robotics stock page

Serve Robotics Company Profile

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.