Serve Robotics Inc. (NASDAQ:SERV) Director Sells $11,682.16 in Stock

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) Director James Buckly Jordan sold 1,288 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.07, for a total transaction of $11,682.16. Following the sale, the director now directly owns 447,764 shares of the company's stock, valued at $4,061,219.48. This represents a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, November 21st, James Buckly Jordan sold 64,408 shares of Serve Robotics stock. The shares were sold at an average price of $8.57, for a total transaction of $551,976.56.
• On Monday, November 18th, James Buckly Jordan sold 1,472 shares of Serve Robotics stock. The stock was sold at an average price of $7.99, for a total transaction of $11,761.28.

Serve Robotics Price Performance

SERV traded up $2.27 during trading on Friday, reaching $11.80. 19,909,104 shares of the stock traded hands, compared to its average volume of 9,201,164. The stock's 50-day simple moving average is $9.15 and its two-hundred day simple moving average is $7.48. Serve Robotics Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $24.09.

Institutional Investors Weigh In On Serve Robotics

Several institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Serve Robotics in the third quarter worth approximately $26,000. Bfsg LLC bought a new stake in Serve Robotics in the third quarter worth approximately $38,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Serve Robotics during the 3rd quarter worth $68,000. Quantum Private Wealth LLC bought a new position in shares of Serve Robotics during the 3rd quarter valued at $80,000. Finally, Quadrature Capital Ltd bought a new position in shares of Serve Robotics during the 3rd quarter valued at $148,000.

Wall Street Analyst Weigh In

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