Insider Selling: Serve Robotics (NASDAQ:SERV) CFO Sells 6,129 Shares

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 6,129 shares of Serve Robotics stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total transaction of $27,948.24. Following the transaction, the chief financial officer directly owned 285,702 shares of the company’s stock, valued at approximately $1,302,801.12. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Read also recently made the following trade(s):

• On Wednesday, August 19th, Brian Read sold 9,700 shares of Serve Robotics stock. The shares were sold at an average price of $4.80, for a total value of $46,560.00.
• On Monday, August 17th, Brian Read sold 25,240 shares of Serve Robotics stock. The shares were sold at an average price of $5.24, for a total transaction of $132,257.60.
• On Wednesday, June 10th, Brian Read sold 1,496 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total value of $10,831.04.

Serve Robotics Stock Performance

Shares of SERV traded up $0.23 during mid-day trading on Wednesday, hitting $4.78. 4,151,816 shares of the company traded hands, compared to its average volume of 4,878,985. The stock has a market cap of $414.47 million, a price-to-earnings ratio of -1.95 and a beta of 1.35. Serve Robotics Inc. has a 1 year low of $4.32 and a 1 year high of $18.64. The stock has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $8.00.

Serve Robotics (NASDAQ:SERV) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%.The business had revenue of $3.24 million during the quarter, compared to analysts’ expectations of $3.51 million. On average, analysts forecast that Serve Robotics Inc. will post -2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SERV. Weiss Ratings upgraded Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald cut shares of Serve Robotics from an “overweight” rating to a “neutral” rating in a research note on Friday, August 7th. LADENBURG THALM/SH SH boosted their price target on shares of Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Oppenheimer cut their price objective on Serve Robotics from $20.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Guggenheim reduced their target price on Serve Robotics from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

Institutional Investors Weigh In On Serve Robotics

Several hedge funds have recently modified their holdings of SERV. Quadrant Capital Group LLC purchased a new stake in shares of Serve Robotics during the 4th quarter worth $31,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Serve Robotics in the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Serve Robotics by 299.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock valued at $33,000 after buying an additional 2,392 shares during the last quarter. CWM LLC grew its stake in Serve Robotics by 514.1% during the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock valued at $36,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Serve Robotics by 149.3% in the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock worth $39,000 after buying an additional 2,240 shares during the period.

Key Stories Impacting Serve Robotics

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Serve Robotics announced that it will deploy its autonomous sidewalk delivery robots with Grubhub, providing a new distribution channel and potentially helping expand robot utilization and delivery volume. Serve Robotics to deploy its autonomous delivery robots with Grubhub
• Positive Sentiment: Serve Robotics reported approximately 400% year-over-year second-quarter revenue growth, highlighting strong demand for autonomous last-mile delivery services and the company’s expanding robot fleet. Serve Robotics Grew Its Second-Quarter Revenue by 400%
• Neutral Sentiment: The broader rollout of delivery robots is increasing investor attention on the sector and could support long-term adoption, although the competitive and regulatory outlook remains uncertain. More delivery robots are heading to sidewalks near you
• Negative Sentiment: Management’s guidance reduction overshadowed the Grubhub announcement, raising concerns about near-term growth and execution. Reports also highlighted that Serve is turning to Grubhub after losing its Uber Eats deal, increasing uncertainty around customer concentration and platform demand. Serve Robotics Sinks as Guidance Cut Overshadows Grubhub Deal Serve Robotics Turns to Grubhub After Losing Uber Eats Deal
• Negative Sentiment: CEO Ali Kashani, COO Touraj Parang and CFO Brian Read sold shares totaling roughly $585,000 over August 17–19. The filings state the transactions were intended to cover tax withholding on vested equity awards, which reduces the bearish significance, but multiple executive sales may still weigh on sentiment. Serve Robotics executive Form 4 filing

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.