Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang Sells 1,365 Shares

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 1,365 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.76, for a total value of $11,957.40. Following the completion of the sale, the chief operating officer now owns 1,200,956 shares in the company, valued at approximately $10,520,374.56. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Touraj Parang also recently made the following trade(s):

• On Thursday, November 21st, Touraj Parang sold 245 shares of Serve Robotics stock. The shares were sold at an average price of $8.84, for a total value of $2,165.80.

Serve Robotics Price Performance

SERV opened at $8.59 on Thursday. The business has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $7.28. Serve Robotics Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $24.09.

Analysts Set New Price Targets

Several research firms recently commented on SERV. Northland Capmk upgraded Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Northland Securities initiated coverage on Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 price target on the stock. LADENBURG THALM/SH SH initiated coverage on Serve Robotics in a research report on Monday, October 28th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Seaport Res Ptn upgraded Serve Robotics to a “strong-buy” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $16.00.

Institutional Investors Weigh In On Serve Robotics

Several large investors have recently modified their holdings of SERV. Larson Financial Group LLC bought a new stake in shares of Serve Robotics during the 3rd quarter worth $26,000. Bfsg LLC acquired a new stake in shares of Serve Robotics in the third quarter worth $38,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Serve Robotics in the third quarter worth $68,000. Quantum Private Wealth LLC acquired a new stake in shares of Serve Robotics in the third quarter worth $80,000. Finally, PFG Investments LLC acquired a new stake in shares of Serve Robotics in the second quarter worth $110,000.

Serve Robotics Company Profile

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.