Ali Kashani Sells 3,713 Shares of Serve Robotics Inc. (NASDAQ:SERV) Stock

Serve Robotics Inc. (NASDAQ:SERV) CEO Ali Kashani sold 3,713 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $9.21, for a total transaction of $34,196.73. Following the sale, the chief executive officer now owns 3,225,852 shares of the company’s stock, valued at $29,710,096.92. This represents a 0.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $17.23, for a total transaction 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 shares were sold at an average price of $14.55, for a total value 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 value of $36,750.00.
• On Wednesday, December 18th, Ali Kashani sold 1,008 shares of Serve Robotics stock. The shares were sold at an average price of $16.05, for a total value of $16,178.40.
• On Monday, December 16th, Ali Kashani sold 22,500 shares of Serve Robotics stock. The stock was sold at an average price of $14.93, for a total transaction of $335,925.00.
• On Friday, December 13th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The shares were sold at an average price of $12.48, for a total transaction of $31,200.00.
• On Monday, December 9th, Ali Kashani sold 2,500 shares of Serve Robotics stock. The stock was sold at an average price of $13.52, for a total transaction of $33,800.00.
• On Friday, December 6th, Ali Kashani sold 31,791 shares of Serve Robotics stock. The shares were sold at an average price of $11.39, for a total transaction of $362,099.49.

Serve Robotics Stock Up 3.3 %

Shares of NASDAQ SERV opened at $9.01 on Friday. The stock has a fifty day moving average price of $16.02 and a 200 day moving average price of $11.78. Serve Robotics Inc. has a 1-year low of $1.77 and a 1-year high of $24.35.

Institutional Trading of Serve Robotics

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in shares of Serve Robotics during the fourth quarter worth about $27,000. CIBC Private Wealth Group LLC purchased a new stake in Serve Robotics in the 4th quarter valued at approximately $34,000. Bogart Wealth LLC acquired a new position in Serve Robotics during the 4th quarter worth approximately $37,000. Larson Financial Group LLC acquired a new stake in shares of Serve Robotics in the 3rd quarter valued at approximately $26,000. Finally, Jefferies Financial Group Inc. raised its position in Serve Robotics by 30.3% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,200 shares of the company’s stock worth $232,000 after acquiring an additional 4,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Northland Securities set a $23.00 price target on Serve Robotics in a research report 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 stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of $19.50.

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.