Serve Robotics (NASDAQ:SERV) CFO Brian Read Sells 6,129 Shares

August 20, 2026 by InsiderTrades.com

Key Points

CEO Ali Kashani sold 45,158 Serve Robotics shares at an average price of $4.56, generating $205,920.48. The sale covered tax-withholding obligations tied to vested equity awards, and he retained 3.23 million shares.
Serve Robotics reported a quarterly loss of $0.80 per share, missing the $0.69 consensus estimate, while revenue of $3.24 million fell short of the $3.51 million forecast. Analysts expect a full-year loss of $2.71 per share.
SERV shares opened at $4.78, near their 12-month low of $4.32 and well below the $18.64 high. Despite mixed analyst actions, the stock has a “Moderate Buy” consensus rating and an average price target of $14.80.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CFO Brian Read sold 6,129 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.56, for a total transaction of $27,948.24. Following the completion of the transaction, the chief financial officer directly owned 285,702 shares of the company's stock, valued at approximately $1,302,801.12. This represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

On Wednesday, August 19th, Brian Read sold 9,700 shares of Serve Robotics stock. The shares were sold at an average price of $4.80, for a total value of $46,560.00.
On Monday, August 17th, Brian Read sold 25,240 shares of Serve Robotics stock. The stock was sold at an average price of $5.24, for a total value of $132,257.60.
On Wednesday, June 10th, Brian Read sold 1,496 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total value of $10,831.04.

Serve Robotics Stock Performance

Shares of SERV stock opened at $4.78 on Thursday. The stock's 50-day simple moving average is $5.72 and its 200-day simple moving average is $7.96. The firm has a market capitalization of $414.46 million, a PE ratio of -1.95 and a beta of 1.34. Serve Robotics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $18.64.

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Serve Robotics (NASDAQ:SERV - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing analysts' consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%.The firm had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Sell-side analysts forecast that Serve Robotics Inc. will post -2.71 earnings per share for the current year.

Hedge Funds Weigh In On Serve Robotics

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Serve Robotics by 24.5% in the second quarter. BlackRock Inc. now owns 6,040,854 shares of the company's stock valued at $39,749,000 after purchasing an additional 1,190,622 shares during the period. Vanguard Group Inc. lifted its holdings in Serve Robotics by 25.2% during the third quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company's stock valued at $30,178,000 after purchasing an additional 521,945 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Serve Robotics by 29.1% in the fourth quarter. Geode Capital Management LLC now owns 1,457,965 shares of the company's stock valued at $15,137,000 after purchasing an additional 328,405 shares during the period. Legal & General Group Plc purchased a new stake in shares of Serve Robotics during the second quarter worth about $8,410,000. Finally, State Street Corp lifted its stake in Serve Robotics by 29.5% in the 4th quarter. State Street Corp now owns 1,245,411 shares of the company's stock valued at $12,927,000 after buying an additional 283,497 shares in the last quarter.

Trending Headlines about Serve Robotics

SERV Robotics Delivers Catalyst for Short-Squeeze

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

Positive Sentiment: Serve Robotics announced that it will deploy autonomous delivery robots through Grubhub, giving the company another commercial distribution channel and potentially expanding robot utilization. Serve Robotics to deploy its autonomous delivery robots with Grubhub
Neutral Sentiment: The broader rollout of delivery robots suggests continued growth potential for the autonomous delivery market, but increased competition and the need to prove sustainable demand remain important risks for Serve Robotics. More delivery robots are heading to sidewalks near you
Negative Sentiment: Investor reaction has focused on Serve Robotics cutting its guidance, with the negative outlook overshadowing enthusiasm about the Grubhub deal. The company also lost its Uber Eats relationship, increasing uncertainty around customer growth and near-term revenue. Serve Robotics Sinks as Guidance Cut Overshadows Grubhub Deal Serve Robotics Turns to Grubhub After Losing Uber Eats Deal
Negative Sentiment: CEO Ali Kashani, executive Touraj Parang and CFO Brian Read reported multiple stock sales totaling roughly 124,000 shares during August. The filings state the transactions were used to cover tax withholding tied to vested restricted stock units, and the executives retained substantial holdings; nevertheless, the cluster of sales can create a negative short-term sentiment signal. Serve Robotics CEO Sells Shares to Cover RSU Tax Withholding Serve Robotics Executive Executes Two Stock Sales

Analysts Set New Price Targets

SERV has been the subject of a number of research reports. Oppenheimer decreased their target price on shares of Serve Robotics from $20.00 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. LADENBURG THALM/SH SH boosted their price objective on Serve Robotics from $15.00 to $16.60 and gave the company a "buy" rating in a report on Wednesday, May 13th. Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th. Weiss Ratings upgraded Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. Finally, Guggenheim cut their target price on shares of Serve Robotics from $13.00 to $7.00 and set a "buy" rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.80.

Check Out Our Latest Analysis on Serve Robotics

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.