Serve Robotics (NASDAQ:SERV) CEO Ali Kashani Sells 45,158 Shares

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 45,158 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total transaction of $205,920.48. Following the completion of the transaction, the chief executive officer directly owned 3,232,933 shares of the company’s stock, valued at approximately $14,742,174.48. The trade was a 1.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ali Kashani also recently made the following trade(s):

• On Wednesday, June 10th, Ali Kashani sold 15,885 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total transaction of $115,007.40.

Serve Robotics Stock Up 5.1%

Shares of NASDAQ:SERV traded up $0.23 during trading on Wednesday, hitting $4.78. 4,151,816 shares of the company were exchanged, compared to its average volume of 4,878,985. Serve Robotics Inc. has a 1-year low of $4.32 and a 1-year high of $18.64. The company has a market capitalization of $414.47 million, a P/E ratio of -1.95 and a beta of 1.35. The business’s 50 day moving average is $5.76 and its 200-day moving average is $8.00.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.11). The firm had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million. Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 55.34%. As a group, sell-side analysts anticipate that Serve Robotics Inc. will post -2.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new stake in Serve Robotics in the second quarter valued at $8,410,000. BlackRock Inc. boosted its position in shares of Serve Robotics by 24.5% during the 2nd quarter. BlackRock Inc. now owns 6,040,854 shares of the company’s stock worth $39,749,000 after purchasing an additional 1,190,622 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Serve Robotics during the 3rd quarter worth about $8,840,000. Vanguard Group Inc. grew its stake in shares of Serve Robotics by 25.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock valued at $30,178,000 after buying an additional 521,945 shares during the period. Finally, Creek Drive Management Group LLC acquired a new stake in shares of Serve Robotics in the 4th quarter valued at about $4,912,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Cantor Fitzgerald cut shares of Serve Robotics from an “overweight” rating to a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Guggenheim decreased their price objective on Serve Robotics from $13.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 10th. LADENBURG THALM/SH SH raised their target price on Serve Robotics from $15.00 to $16.60 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Freedom Capital raised Serve Robotics from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Serve Robotics presently has an average rating of “Moderate Buy” and an average target price of $14.80.

Key Serve Robotics News

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.