Insider Selling: Serve Robotics (NASDAQ:SERV) General Counsel Sells $27,891.00 in Stock

Serve Robotics Inc. (NASDAQ:SERV) General Counsel Evan Dunn sold 2,700 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $27,891.00. Following the transaction, the general counsel owned 203,520 shares in the company, valued at $2,102,361.60. This represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Evan Dunn also recently made the following trade(s):

• On Tuesday, January 6th, Evan Dunn sold 598 shares of Serve Robotics stock. The stock was sold at an average price of $12.81, for a total value of $7,660.38.
• On Monday, December 8th, Evan Dunn sold 504 shares of Serve Robotics stock. The stock was sold at an average price of $13.42, for a total value of $6,763.68.

Serve Robotics Stock Performance

NASDAQ SERV opened at $10.68 on Friday. The business’s fifty day moving average is $11.98 and its 200 day moving average is $11.75. Serve Robotics Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $23.10. The company has a market capitalization of $795.45 million, a PE ratio of -7.17 and a beta of 0.33.

Serve Robotics (NASDAQ:SERV) last posted 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 company had revenue of $0.69 million during the quarter, compared to the consensus estimate of $0.69 million. On average, sell-side analysts forecast that Serve Robotics Inc. will post -0.98 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SERV shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Oppenheimer began coverage on shares of Serve Robotics in a report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a report on Monday, December 29th. Loop Capital set a $16.00 price objective on Serve Robotics in a research report on Wednesday, December 31st. Finally, LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bulltick Wealth Management LLC purchased a new position in shares of Serve Robotics during the second quarter valued at about $355,000. Vontobel Holding Ltd. bought a new position in Serve Robotics during the second quarter valued at approximately $240,000. DNB Asset Management AS grew its holdings in Serve Robotics by 163.6% during the 2nd quarter. DNB Asset Management AS now owns 69,737 shares of the company’s stock valued at $798,000 after buying an additional 43,284 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Serve Robotics by 11.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,109,001 shares of the company’s stock worth $12,898,000 after acquiring an additional 112,718 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Serve Robotics by 176.0% in the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock worth $10,054,000 after acquiring an additional 560,361 shares during the last quarter.

More Serve Robotics News

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

• Positive Sentiment: City-level expansion potential — North Vancouver is set to consider permitting food-delivery robots, which could open an incremental deployment market and support revenue growth if adopted by more municipalities and partners. City of North Vancouver to consider food delivery robots
• Positive Sentiment: Analyst sentiment remains constructive — Multiple firms maintain Buy/Strong Buy ratings and MarketBeat shows a consensus price target (about $18.80), which supports upside potential relative to the current share price. MarketBeat: SERV stock page
• Neutral Sentiment: Insiders still retain substantial stakes — Executives including the CEO, COO and CFO have completed sales but continue to hold large multi‑hundred‑thousand to multi‑million share positions, suggesting these trades may be partial liquidity rather than full loss of conviction. SEC filing example (CEO sale)
• Negative Sentiment: Clustered insider selling — Several senior executives (CEO, CFO, COO, GC and others) sold shares on Feb 3–4, totaling roughly ~28,000 shares and about $290k at ~ $10.33. Concentrated sales by leadership can create downward pressure and prompt investor questions about timing/intent. SEC filing example (CEO sale)
• Negative Sentiment: Viral PR incident raises reputational risk — A widely shared video of a Serve delivery robot allegedly sidestepping a homeless person in Miami drew ~3M views and criticism; negative publicity can accelerate calls for restrictions and hurt partner relations. “Robot sidesteps homeless man” article
• Negative Sentiment: Local backlash story underscores deployment headwinds — Coverage on neighborhood pushback (Fast Company) highlights potential regulatory and permitting obstacles that could slow rollouts and increase compliance costs. Fast Company: neighborhood pushback on delivery robots

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.