Virtu Financial LLC bought a new position in Serve Robotics Inc. (NASDAQ:SERV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,440 shares of the company's stock, valued at approximately $465,000. Virtu Financial LLC owned 0.08% of Serve Robotics at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SERV. Blue Trust Inc. bought a new position in shares of Serve Robotics in the fourth quarter worth $27,000. Bogart Wealth LLC acquired a new stake in Serve Robotics in the fourth quarter worth about $37,000. Larson Financial Group LLC bought a new position in Serve Robotics in the 3rd quarter valued at about $26,000. SG Americas Securities LLC acquired a new position in Serve Robotics during the 4th quarter valued at about $114,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Serve Robotics during the 3rd quarter worth about $68,000.
Insiders Place Their Bets
In related news, CEO Ali Kashani sold 37,500 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $21.16, for a total transaction of $793,500.00. Following the completion of the sale, the chief executive officer now directly owns 3,230,990 shares of the company's stock, valued at approximately $68,367,748.40. This represents a 1.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 54,551 shares of company stock valued at $1,011,171 over the last quarter. Insiders own 21.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Northland Securities set a $23.00 price objective on Serve Robotics in a research note on Tuesday, February 18th. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average target price of $19.50.
View Our Latest Research Report on Serve Robotics
Serve Robotics Trading Down 7.1 %
SERV stock traded down $0.48 during midday trading on Friday, reaching $6.29. The company had a trading volume of 3,012,575 shares, compared to its average volume of 9,537,980. The company has a 50 day moving average of $12.31 and a two-hundred day moving average of $11.52. Serve Robotics Inc. has a 1 year low of $1.77 and a 1 year high of $24.35. The company has a market capitalization of $358.01 million and a P/E ratio of -5.24.
About Serve Robotics
(
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.
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