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

Serve Robotics Inc. (NASDAQ:SERV) insider Anthony Armenta sold 3,893 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were 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 of the company’s stock, valued at approximately $7,864,782.07. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 shares were 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 Up 4.0%

Shares of SERV traded up $0.57 during trading hours on Wednesday, hitting $14.99. 6,069,514 shares of the company were exchanged, compared to its average volume of 10,058,827. 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 cap of $1.12 billion, a price-to-earnings ratio of -10.06 and a beta of 0.27. The firm’s fifty day moving average is $11.09 and its 200 day moving average is $11.58.

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

Analysts Set New Price Targets

SERV has been the topic of a number of recent analyst reports. Oppenheimer started coverage on shares of Serve Robotics in a research note on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Freedom Capital raised Serve Robotics to a “strong-buy” rating in a report on Wednesday, December 31st. Citigroup reaffirmed an “outperform” rating on shares of Serve Robotics in a research note on Monday, October 13th. LADENBURG THALM/SH SH upgraded Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Northland Securities reissued an “outperform” rating and set a $26.00 target price on shares of Serve Robotics in a research note on Friday, January 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.80.

Institutional Trading of Serve Robotics

A number of hedge funds have recently made changes to their positions in SERV. Exchange Traded Concepts LLC increased its stake in shares of Serve Robotics by 12.5% in the fourth 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. JPMorgan Chase & Co. grew its holdings in Serve Robotics by 28.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,422 shares of the company’s stock worth $447,000 after acquiring an additional 8,517 shares during the last quarter. Cambria Investment Management L.P. grew its holdings in Serve Robotics by 25.0% during the 3rd quarter. Cambria Investment Management L.P. now owns 74,391 shares of the company’s stock worth $865,000 after acquiring an additional 14,877 shares during the last quarter. Captrust Financial Advisors increased its position in Serve Robotics by 23.0% in the 3rd quarter. Captrust Financial Advisors now owns 589,441 shares of the company’s stock valued at $6,855,000 after acquiring an additional 110,094 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Serve Robotics by 258.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,432 shares of the company’s stock worth $98,000 after purchasing an additional 6,080 shares during the period.

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.