Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani bought 3,000 shares of Serve Robotics stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $6.85 per share, for a total transaction of $20,550.00. Following the purchase, the chief executive officer now owns 3,228,852 shares of the company's stock, valued at $22,117,636.20. The trade was a 0.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ali Kashani also recently made the following trade(s):
- On Thursday, February 27th, Ali Kashani sold 3,713 shares of Serve Robotics stock. The stock was sold at an average price of $9.21, for a total value of $34,196.73.
- On Monday, January 6th, Ali Kashani sold 37,500 shares of Serve Robotics stock. The stock was sold at an average price of $21.16, for a total value of $793,500.00.
- On Friday, January 3rd, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $17.23, for a total transaction of $129,225.00.
- On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The shares were sold at an average price of $16.50, for a total transaction of $123,750.00.
- On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00.
- On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $14.70, for a total value of $36,750.00.
- On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The shares were sold at an average price of $16.05, for a total value of $16,178.40.
- On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The shares were 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 transaction of $31,200.00.
Serve Robotics Stock Performance
Shares of Serve Robotics stock traded down $0.51 during midday trading on Thursday, reaching $7.02. 3,500,119 shares of the company's stock traded hands, compared to its average volume of 11,116,216. The company has a market cap of $310.97 million and a PE ratio of -5.85. The stock has a 50 day moving average of $14.87 and a 200-day moving average of $11.60. Serve Robotics Inc. has a 12 month low of $1.77 and a 12 month high of $24.35.
Analysts Set New Price Targets
Separately, Northland Securities set a $23.00 price objective on shares of Serve Robotics in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average target price of $19.50.
Check Out Our Latest Research Report on SERV
Institutional Investors Weigh In On Serve Robotics
Several institutional investors and hedge funds have recently modified their holdings of SERV. Uber Technologies Inc purchased a new position in shares of Serve Robotics during the fourth quarter valued at about $71,534,000. Exchange Traded Concepts LLC purchased a new position in shares of Serve Robotics during the 4th quarter worth approximately $9,066,000. Vanguard Group Inc. raised its position in shares of Serve Robotics by 74.6% in the 4th quarter. Vanguard Group Inc. now owns 1,274,303 shares of the company's stock worth $17,203,000 after acquiring an additional 544,537 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Serve Robotics in the 4th quarter valued at approximately $6,629,000. Finally, Captrust Financial Advisors bought a new stake in shares of Serve Robotics during the fourth quarter valued at approximately $3,672,000.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Serve Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serve Robotics wasn't on the list.
While Serve Robotics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
