Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 22,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $14.93, for a total value of $335,925.00. Following the completion of the sale, the chief executive officer now owns 3,306,998 shares of the company's stock, valued at $49,373,480.14. This trade represents a 0.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Ali Kashani also recently made the following trade(s):
- On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $12.48, for a total transaction of $31,200.00.
- On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $13.52, for a total transaction of $33,800.00.
- On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The stock was sold at an average price of $11.39, for a total transaction of $362,099.49.
- On Monday, November 25th, Ali Kashani sold 9,719 shares of Serve Robotics stock. The shares were sold at an average price of $8.77, for a total value of $85,235.63.
- On Thursday, November 21st, Ali Kashani sold 1,109 shares of Serve Robotics stock. The stock was sold at an average price of $8.79, for a total value of $9,748.11.
Serve Robotics Price Performance
Shares of SERV traded up $1.70 during trading hours on Tuesday, reaching $16.68. 18,874,124 shares of the company's stock traded hands, compared to its average volume of 9,406,848. Serve Robotics Inc. has a twelve month low of $1.77 and a twelve month high of $24.09. The business's fifty day simple moving average is $9.76 and its two-hundred day simple moving average is $8.04.
Hedge Funds Weigh In On Serve Robotics
Institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new stake in shares of Serve Robotics in the 3rd quarter worth approximately $26,000. Bfsg LLC bought a new stake in Serve Robotics during the third quarter worth approximately $38,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Serve Robotics in the third quarter worth approximately $68,000. Quantum Private Wealth LLC bought a new position in Serve Robotics during the 3rd quarter valued at $80,000. Finally, PFG Investments LLC acquired a new position in shares of Serve Robotics during the 2nd quarter valued at $110,000.
Analyst Upgrades and Downgrades
SERV has been the topic of several analyst reports. Northland Securities initiated coverage on Serve Robotics in a research report on Friday, October 18th. They issued an "outperform" rating and a $16.00 target price on the stock. Seaport Res Ptn raised shares of Serve Robotics to a "strong-buy" rating in a report on Monday, October 7th. LADENBURG THALM/SH SH started coverage on shares of Serve Robotics in a research note on Monday, October 28th. They set a "buy" rating and a $16.00 target price for the company. Finally, Northland Capmk upgraded shares of Serve Robotics to a "strong-buy" rating in a research note on Friday, October 18th. Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average price target of $16.00.
Get Our Latest Analysis on SERV
About Serve Robotics
(
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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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