Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) CEO Ali Kashani sold 2,055 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $7.37, for a total transaction of $15,145.35. Following the completion of the transaction, the chief executive officer now directly owns 3,226,797 shares in the company, valued at $23,781,493.89. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ali Kashani also recently made the following trade(s):
- On Tuesday, March 11th, Ali Kashani purchased 3,000 shares of Serve Robotics stock. The shares were bought at an average price of $6.85 per share, for a total transaction of $20,550.00.
- On Thursday, February 27th, Ali Kashani sold 3,713 shares of Serve Robotics stock. The stock was sold at an average price of $9.21, for a total value of $34,196.73.
- On Monday, January 6th, Ali Kashani sold 37,500 shares of Serve Robotics stock. The stock was sold at an average price of $21.16, for a total transaction of $793,500.00.
- On Friday, January 3rd, Ali Kashani sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $17.23, for a total value of $129,225.00.
- On Thursday, December 26th, Ali Kashani sold 7,500 shares of Serve Robotics stock. The stock was sold at an average price of $16.50, for a total value of $123,750.00.
- On Tuesday, December 24th, Ali Kashani sold 5,000 shares of Serve Robotics stock. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00.
- On Friday, December 20th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.70, for a total transaction of $36,750.00.
Serve Robotics Trading Down 6.4 %
NASDAQ SERV opened at $6.93 on Friday. The company has a market capitalization of $394.44 million and a PE ratio of -5.78. Serve Robotics Inc. has a 1-year low of $1.77 and a 1-year high of $24.35. The firm's fifty day simple moving average is $13.57 and its 200-day simple moving average is $11.51.
Wall Street Analyst Weigh In
Separately, Northland Securities set a $23.00 price objective on Serve Robotics in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Serve Robotics currently has an average rating of "Strong Buy" and a consensus target price of $19.50.
Check Out Our Latest Stock Analysis on SERV
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SERV. Larson Financial Group LLC acquired a new stake in shares of Serve Robotics during the 3rd quarter valued at about $26,000. Blue Trust Inc. acquired a new stake in Serve Robotics in the fourth quarter valued at approximately $27,000. CIBC Private Wealth Group LLC acquired a new position in shares of Serve Robotics during the 4th quarter worth $34,000. Bogart Wealth LLC acquired a new position in Serve Robotics during the fourth quarter worth $37,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics in the third quarter worth about $68,000.
Serve Robotics Company Profile
(
Get Free Report)
Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
