Key Points
- On Feb. 13, Serve Robotics insider Anthony Armenta sold 3,432 shares at an average price of $9.38 for $32,192, reducing his stake by 0.63% to 544,486 shares valued at about $5.11M.
- The Feb. 13 sale continues a recent pattern of insider selling — Armenta also sold 3,223 shares on Feb. 4 ($10.33), 3,893 on Jan. 13 ($14.27) and 5,003 on Dec. 15 ($11.96).
- SERV shares opened at $9.27 (down ~3%), the company has a market cap of about $690M, and analysts hold a consensus Buy rating with a $18.80 target despite mixed individual ratings.
Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) insider Anthony Armenta sold 3,432 shares of Serve Robotics stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $9.38, for a total value of $32,192.16. Following the sale, the insider directly owned 544,486 shares of the company's stock, valued at $5,107,278.68. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Anthony Armenta also recently made the following trade(s):
- On Wednesday, February 4th, Anthony Armenta sold 3,223 shares of Serve Robotics stock. The stock was sold at an average price of $10.33, for a total value of $33,293.59.
- On Tuesday, January 13th, Anthony Armenta sold 3,893 shares of Serve Robotics stock. The shares were sold at an average price of $14.27, for a total value of $55,553.11.
- On Monday, December 15th, Anthony Armenta sold 5,003 shares of Serve Robotics stock. The stock was sold at an average price of $11.96, for a total value of $59,835.88.
Serve Robotics Stock Down 3.0%
SERV stock opened at $9.27 on Wednesday. The business has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.71. The stock has a market cap of $690.46 million, a price-to-earnings ratio of -6.22 and a beta of 0.33. Serve Robotics Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $18.64.
Analyst Ratings Changes
A number of research firms recently commented on SERV. Freedom Capital raised shares of Serve Robotics to a "strong-buy" rating in a research report on Wednesday, December 31st. Northland Securities restated an "outperform" rating and issued a $26.00 price objective on shares of Serve Robotics in a research note on Friday, January 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Serve Robotics in a report on Monday, November 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Serve Robotics in a research report on Monday, December 29th. Finally, Oppenheimer started coverage on Serve Robotics in a report on Thursday, December 18th. They issued an "outperform" rating and a $20.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $18.80.
Read Our Latest Analysis on Serve Robotics
Institutional Trading of Serve Robotics
A number of large investors have recently bought and sold shares of SERV. Price T Rowe Associates Inc. MD increased its stake in Serve Robotics by 77.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,084 shares of the company's stock valued at $458,000 after purchasing an additional 19,271 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Serve Robotics by 61.4% during the fourth quarter. Osaic Holdings Inc. now owns 33,967 shares of the company's stock worth $353,000 after buying an additional 12,922 shares during the period. California State Teachers Retirement System grew its holdings in shares of Serve Robotics by 1,775.7% during the fourth quarter. California State Teachers Retirement System now owns 54,901 shares of the company's stock worth $570,000 after buying an additional 51,974 shares during the last quarter. Russell Investments Group Ltd. increased its position in Serve Robotics by 38.0% in the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company's stock valued at $73,000 after acquiring an additional 1,927 shares during the period. Finally, Captrust Financial Advisors increased its position in Serve Robotics by 19.9% in the 4th quarter. Captrust Financial Advisors now owns 707,002 shares of the company's stock valued at $7,339,000 after acquiring an additional 117,561 shares during the period.
Serve Robotics Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
