Serve Robotics Inc. (NASDAQ:SERV) Director James Buckly Jordan Sells 64,408 Shares

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) Director James Buckly Jordan sold 64,408 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $8.57, for a total transaction of $551,976.56. Following the completion of the sale, the director now directly owns 449,052 shares in the company, valued at $3,848,375.64. This represents a 12.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock was sold at an average price of $9.07, for a total value of $11,682.16.
• On Monday, November 18th, James Buckly Jordan sold 1,472 shares of Serve Robotics stock. The shares were sold at an average price of $7.99, for a total value of $11,761.28.

Serve Robotics Trading Up 23.8 %

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

Hedge Funds Weigh In On Serve Robotics

A number of institutional investors have recently added to or reduced their stakes in SERV. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Serve Robotics during the third quarter valued at about $9,636,000. Thomist Capital Management LP purchased a new position in Serve Robotics in the second quarter valued at about $407,000. Geode Capital Management LLC grew its stake in Serve Robotics by 128.1% during the 3rd quarter. Geode Capital Management LLC now owns 130,853 shares of the company's stock valued at $1,041,000 after purchasing an additional 73,496 shares in the last quarter. PFG Investments LLC purchased a new stake in Serve Robotics during the 2nd quarter worth approximately $110,000. Finally, State Street Corp acquired a new position in shares of Serve Robotics in the 3rd quarter valued at approximately $333,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SERV shares. Northland Capmk raised shares of Serve Robotics to a "strong-buy" rating in a research report on Friday, October 18th. LADENBURG THALM/SH SH initiated coverage on shares of Serve Robotics in a research report on Monday, October 28th. They issued a "buy" rating and a $16.00 price objective for the company. Seaport Res Ptn upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Monday, October 7th. Finally, Northland Securities began coverage on shares of Serve Robotics in a research report on Friday, October 18th. They set an "outperform" rating and a $16.00 price target for the company. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy" and a consensus target price of $16.00.

Serve Robotics Company Profile

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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