Serve Robotics (NASDAQ:SERV) CFO Sells $25,919.10 in Stock

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 2,790 shares of Serve Robotics stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total transaction of $25,919.10. Following the completion of the sale, the chief financial officer owned 318,768 shares of the company's stock, valued at $2,961,354.72. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

• SERV Robotics Delivers Catalyst for Short-Squeeze

Brian Read also recently made the following trade(s):

• On Thursday, May 7th, Brian Read sold 201 shares of Serve Robotics stock. The stock was sold at an average price of $9.26, for a total transaction of $1,861.26.
• On Friday, May 1st, Brian Read sold 1,179 shares of Serve Robotics stock. The stock was sold at an average price of $9.29, for a total transaction of $10,952.91.
• On Wednesday, April 8th, Brian Read sold 200 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total transaction of $1,724.00.
• On Tuesday, March 10th, Brian Read sold 203 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total transaction of $1,973.16.
• On Tuesday, March 3rd, Brian Read sold 1,268 shares of Serve Robotics stock. The shares were sold at an average price of $9.61, for a total transaction of $12,185.48.
• On Wednesday, February 11th, Brian Read sold 185 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $1,881.45.

Serve Robotics Trading Down 3.5%

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Shares of NASDAQ SERV opened at $8.77 on Friday. The firm has a 50 day moving average of $9.25 and a 200 day moving average of $10.68. The firm has a market capitalization of $678.10 million, a price-to-earnings ratio of -4.36 and a beta of 0.96. Serve Robotics Inc. has a 12-month low of $6.60 and a 12-month high of $18.64.

• Physical AI: The Next Industrial Revolution Is Finally Here

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SERV. Cantor Fitzgerald reduced 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 report on Tuesday, March 17th. Guggenheim began coverage on shares of Serve Robotics in a research report on Monday, April 20th. They set a "buy" rating and a $13.00 price objective on the stock. LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a "strong-buy" rating in a research report on Wednesday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Serve Robotics in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Serve Robotics has an average rating of "Buy" and a consensus target price of $17.67.

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View Our Latest Analysis on SERV

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

Institutional Investors Weigh In On Serve Robotics

Several large investors have recently modified their holdings of the business. Main Management ETF Advisors LLC raised its holdings in shares of Serve Robotics by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company's stock valued at $1,731,000 after purchasing an additional 1,704 shares in the last quarter. Creative Planning raised its holdings in shares of Serve Robotics by 14.5% in the 3rd quarter. Creative Planning now owns 14,800 shares of the company's stock valued at $172,000 after purchasing an additional 1,877 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Serve Robotics by 38.0% during the fourth quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company's stock valued at $73,000 after buying an additional 1,927 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Serve Robotics by 9.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company's stock valued at $282,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its position in shares of Serve Robotics by 13.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company's stock valued at $198,000 after purchasing an additional 2,000 shares during the last quarter.

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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