Key Points
- CFO Brian Read sold 1,863 shares on Dec. 31 at an average price of $10.37 for $19,319, leaving him with 335,336 shares (a 0.55% reduction).
- Read has been selling repeatedly in recent months — roughly 18,000 shares across multiple transactions (including large sales on Dec. 4 and Dec. 12) — indicating ongoing insider disposition.
- Serve Robotics trades around $10.38 with a market cap of about $773M, reported weak quarterly results (EPS -$0.54, missed estimates, very negative margins), yet analysts’ consensus is a Moderate Buy with an average price target of $18.80.
Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 1,863 shares of the business's stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $10.37, for a total value of $19,319.31. Following the transaction, the chief financial officer directly owned 335,336 shares of the company's stock, valued at $3,477,434.32. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Brian Read also recently made the following trade(s):
- On Friday, December 12th, Brian Read sold 6,700 shares of Serve Robotics stock. The shares were sold at an average price of $13.15, for a total value of $88,105.00.
- On Thursday, December 11th, Brian Read sold 371 shares of Serve Robotics stock. The shares were sold at an average price of $11.87, for a total value of $4,403.77.
- On Thursday, December 4th, Brian Read sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.05, for a total transaction of $97,875.00.
- On Tuesday, December 2nd, Brian Read sold 2,057 shares of Serve Robotics stock. The shares were sold at an average price of $9.82, for a total transaction of $20,199.74.
- On Thursday, October 30th, Brian Read sold 1,270 shares of Serve Robotics stock. The shares were sold at an average price of $13.32, for a total transaction of $16,916.40.
- On Tuesday, October 7th, Brian Read sold 176 shares of Serve Robotics stock. The stock was sold at an average price of $15.29, for a total transaction of $2,691.04.
Serve Robotics Price Performance
Shares of Serve Robotics stock opened at $10.38 on Thursday. The company's 50 day moving average price is $11.09 and its two-hundred day moving average price is $11.42. The firm has a market capitalization of $773.10 million, a P/E ratio of -6.97 and a beta of -0.14. Serve Robotics Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $24.35.
Serve Robotics (NASDAQ:SERV - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. On average, analysts expect that Serve Robotics Inc. will post -0.98 earnings per share for the current year.
Institutional Investors Weigh In On Serve Robotics
Several large investors have recently modified their holdings of SERV. Vanguard Group Inc. raised its stake in Serve Robotics by 25.2% during the third quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company's stock worth $30,178,000 after buying an additional 521,945 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Serve Robotics by 11.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,109,001 shares of the company's stock worth $12,898,000 after acquiring an additional 112,718 shares during the period. Geode Capital Management LLC raised its position in shares of Serve Robotics by 176.0% in the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company's stock worth $10,054,000 after acquiring an additional 560,361 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Serve Robotics during the 3rd quarter valued at about $8,840,000. Finally, Legal & General Group Plc boosted its position in shares of Serve Robotics by 8.3% during the 3rd quarter. Legal & General Group Plc now owns 751,834 shares of the company's stock valued at $8,816,000 after purchasing an additional 57,905 shares in the last quarter.
Analysts Set New Price Targets
SERV has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Thursday, December 18th. Northland Securities set a $26.00 price target on shares of Serve Robotics in a research report on Monday, October 13th. Freedom Capital upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Wednesday. Citigroup reissued an "outperform" rating on shares of Serve Robotics in a research note on Monday, October 13th. Finally, Loop Capital set a $16.00 target price on Serve Robotics in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.80.
View Our Latest Stock Report on SERV
About Serve Robotics
(
Get Free Report)
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.
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