Anthony Armenta Sells 3,893 Shares of Serve Robotics (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,893 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $14.27, for a total value of $55,553.11. Following the completion of the sale, the insider owned 551,141 shares in the company, valued at approximately $7,864,782.07. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Anthony Armenta also recently made the following trade(s):

• On Monday, December 15th, Anthony Armenta sold 5,003 shares of Serve Robotics stock. The stock was sold at an average price of $11.96, for a total value of $59,835.88.
• On Friday, November 14th, Anthony Armenta sold 49,082 shares of Serve Robotics stock. The stock was sold at an average price of $9.32, for a total value of $457,444.24.
• On Wednesday, November 5th, Anthony Armenta sold 3,545 shares of Serve Robotics stock. The shares were sold at an average price of $11.63, for a total value of $41,228.35.

Serve Robotics Stock Down 2.7%

Shares of SERV stock opened at $14.58 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of -9.79 and a beta of 0.27. Serve Robotics Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $23.10. The business has a fifty day simple moving average of $11.24 and a 200-day simple moving average of $11.63.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.17). Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%.The business had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. On average, sell-side analysts anticipate that Serve Robotics Inc. will post -0.98 earnings per share for the current year.

Institutional Investors Weigh In On Serve Robotics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Serve Robotics by 25.2% in the third quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock valued at $30,178,000 after purchasing an additional 521,945 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Serve Robotics by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,247,559 shares of the company’s stock valued at $12,950,000 after buying an additional 138,558 shares during the period. Geode Capital Management LLC increased its stake in shares of Serve Robotics by 176.0% during the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock valued at $10,054,000 after acquiring an additional 560,361 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Serve Robotics during the 3rd quarter worth about $8,840,000. Finally, Legal & General Group Plc boosted its position in shares of Serve Robotics by 8.3% in the third quarter. Legal & General Group Plc now owns 751,834 shares of the company’s stock worth $8,816,000 after acquiring an additional 57,905 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SERV. Loop Capital set a $16.00 price objective on Serve Robotics in a research report on Wednesday, December 31st. Oppenheimer assumed coverage on Serve Robotics in a report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday, December 29th. Finally, Northland Securities reissued an “outperform” rating and issued a $26.00 target price on shares of Serve Robotics in a research note on Friday, January 2nd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Serve Robotics Company Profile

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.