Serve Robotics Inc. (NASDAQ:SERV) Director James Buckly Jordan Sells 1,472 Shares

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) Director James Buckly Jordan sold 1,472 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.99, for a total transaction of $11,761.28. Following the completion of the sale, the director now owns 513,460 shares of the company's stock, valued at approximately $4,102,545.40. This represents a 0.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Buckly Jordan also recently made the following trade(s):

• On Tuesday, December 3rd, James Buckly Jordan sold 1,288 shares of Serve Robotics stock. The shares were sold at an average price of $9.07, for a total transaction of $11,682.16.
• On Thursday, November 21st, James Buckly Jordan sold 64,408 shares of Serve Robotics stock. The stock was sold at an average price of $8.57, for a total value of $551,976.56.

Serve Robotics Trading Up 23.8 %

Shares of NASDAQ:SERV traded up $2.27 on Friday, hitting $11.80. 19,909,104 shares of the company were exchanged, compared to its average volume of 9,201,164. The stock's 50 day moving average price is $9.15 and its 200 day moving average price is $7.48. Serve Robotics Inc. has a 1-year low of $1.77 and a 1-year high of $24.09.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Seaport Res Ptn raised Serve Robotics to a "strong-buy" rating in a research report on Monday, October 7th. LADENBURG THALM/SH SH started coverage on Serve Robotics in a research note on Monday, October 28th. They issued a "buy" rating and a $16.00 target price on the stock. Northland Capmk raised shares of Serve Robotics to a "strong-buy" rating in a research report on Friday, October 18th. Finally, Northland Securities started coverage on shares of Serve Robotics in a research report on Friday, October 18th. They issued 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Serve Robotics currently has a consensus rating of "Strong Buy" and a consensus target price of $16.00.

Institutional Trading of Serve Robotics

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in shares of Serve Robotics in the 3rd quarter valued at $26,000. Bfsg LLC purchased a new stake in shares of Serve Robotics in the third quarter worth about $38,000. Gordian Capital Singapore Pte Ltd acquired a new position in Serve Robotics in the third quarter valued at approximately $68,000. Quantum Private Wealth LLC purchased a new stake in Serve Robotics in 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.

About Serve Robotics

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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