Serve Robotics (NASDAQ:SERV) COO Touraj Parang Sells 3,888 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 3,888 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.26, for a total value of $36,002.88. Following the completion of the sale, the chief operating officer owned 1,302,463 shares in the company, valued at approximately $12,060,807.38. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 Wednesday, May 6th, Touraj Parang sold 5,993 shares of Serve Robotics stock. The stock was sold at an average price of $9.29, for a total value of $55,674.97.
• On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The stock was sold at an average price of $8.62, for a total value of $33,281.82.
• On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The stock was sold at an average price of $9.72, for a total value 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 value of $36,184.86.

Serve Robotics Trading Down 3.5%

Shares of NASDAQ:SERV opened at $8.77 on Friday. Serve Robotics Inc. has a 12-month low of $6.60 and a 12-month high of $18.64. The business’s fifty day simple moving average is $9.25 and its 200-day simple moving average is $10.68. The company has a market capitalization of $678.10 million, a PE ratio of -4.36 and a beta of 0.96.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.08). Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 48.88%. The company had revenue of $2.98 million during the quarter, compared to analysts’ expectations of $2.83 million. Research analysts predict that Serve Robotics Inc. will post -2.39 EPS for the current year.

Wall Street Analysts Forecast Growth

SERV has been the subject of several analyst reports. Cantor Fitzgerald decreased their price objective on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a report on Friday, March 27th. LADENBURG THALM/SH SH raised Serve Robotics to a “strong-buy” rating in a report on Wednesday. Finally, Guggenheim initiated coverage on Serve Robotics in a report on Monday, April 20th. They issued a “buy” rating and a $13.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.67.

Hedge Funds Weigh In On Serve Robotics

A number of large investors have recently bought and sold shares of SERV. Farther Finance Advisors LLC acquired a new position in Serve Robotics in the 3rd quarter worth about $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in Serve Robotics in the 4th quarter worth about $31,000. Quadrant Capital Group LLC acquired a new position in Serve Robotics in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after purchasing an additional 2,392 shares during the period. Finally, CWM LLC raised its holdings in Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after purchasing an additional 2,879 shares during the period.

Key Serve Robotics News

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

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.