Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 1,008 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $16.05, for a total transaction of $16,178.40. Following the transaction, the chief executive officer now owns 3,298,490 shares in the company, valued at $52,940,764.50. This represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ali Kashani also recently made the following trade(s):
- On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.93, for a total value of $335,925.00.
- On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $12.48, for a total value of $31,200.00.
- On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.52, for a total value of $33,800.00.
- On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The shares were sold at an average price of $11.39, for a total value of $362,099.49.
- On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The stock was sold at an average price of $8.77, for a total transaction of $85,235.63.
- On Thursday, November 21st, Ali Kashani sold 1,109 shares of Serve Robotics stock. The shares were sold at an average price of $8.79, for a total transaction of $9,748.11.
Serve Robotics Stock Down 5.5 %
Shares of SERV traded down $0.78 during mid-day trading on Thursday, hitting $13.36. 11,222,374 shares of the company's stock were exchanged, compared to its average volume of 9,446,791. Serve Robotics Inc. has a 52 week low of $1.77 and a 52 week high of $24.09. The stock's 50-day simple moving average is $10.06 and its 200-day simple moving average is $8.22.
Analyst Ratings Changes
A number of research analysts recently commented on SERV shares. LADENBURG THALM/SH SH started coverage on shares of Serve Robotics in a research note on Monday, October 28th. They issued a "buy" rating and a $16.00 price target on the stock. Seaport Res Ptn upgraded Serve Robotics to a "strong-buy" rating in a research note on Monday, October 7th. Northland Capmk upgraded Serve Robotics to a "strong-buy" rating in a research note on Friday, October 18th. Finally, Northland Securities began coverage on Serve Robotics in a research report on Friday, October 18th. They set an "outperform" rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Serve Robotics currently has a consensus rating of "Strong Buy" and an average target price of $16.00.
Get Our Latest Stock Analysis on SERV
Institutional Trading of Serve Robotics
A number of institutional investors have recently modified their holdings of SERV. Larson Financial Group LLC bought a new stake in Serve Robotics during the third quarter worth about $26,000. Bfsg LLC acquired a new position in shares of Serve Robotics in the 3rd quarter valued at approximately $38,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Serve Robotics during the 3rd quarter worth approximately $68,000. Quantum Private Wealth LLC acquired a new stake in shares of Serve Robotics during the 3rd quarter worth approximately $80,000. Finally, PFG Investments LLC acquired a new stake in shares of Serve Robotics during the 2nd quarter worth approximately $110,000.
Serve Robotics Company Profile
(
Get Free Report)
Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.
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