Serve Robotics (NASDAQ:SERV) Shares Down 9.3% Following Insider Selling

Serve Robotics Inc. (NASDAQ:SERV) shares were down 9.3% during mid-day trading on Thursday following insider selling activity. The company traded as low as $9.77 and last traded at $9.6560. Approximately 1,805,378 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 5,900,592 shares. The stock had previously closed at $10.65.

Specifically, CEO Ali Kashani sold 13,500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $9.72, for a total transaction of $131,220.00. Following the completion of the transaction, the chief executive officer directly owned 3,334,914 shares in the company, valued at approximately $32,415,364.08. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Touraj Parang sold 3,922 shares of Serve Robotics stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $9.72, for a total value of $38,121.84. Following the completion of the sale, the chief operating officer directly owned 1,316,205 shares in the company, valued at approximately $12,793,512.60. This represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

A number of research firms have weighed in on SERV. Northland Securities reaffirmed an “outperform” rating and set a $26.00 price target on shares of Serve Robotics in a research report on Friday, January 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Loop Capital set a $16.00 target price on shares of Serve Robotics in a report on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $18.80.

Key Headlines Impacting Serve Robotics

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Q4 results & guidance: Q4 revenue (~$0.9M) and EPS modestly beat estimates and management raised 2026 revenue guidance to $26M, improving near‑term visibility. Read More.
• Positive Sentiment: New & expanded partnerships: White Castle will use Serve robots for Uber Eats deliveries and the company continues integrations with Uber Eats and DoorDash — increases merchant count and order channels if density follows. Read More.
• Positive Sentiment: Scale & M&A: Management cites ~2,000 deployed robots, 20 cities, 4,500+ merchant partners and strategic acquisitions (e.g., Diligent Robotics) that broaden addressable markets beyond sidewalk delivery. Read More.
• Neutral Sentiment: Market mechanics: High short interest and heavy call‑option buying earlier created a short‑squeeze dynamic that amplified upside; that same technicality can increase volatility and lead to sharp reversals. Read More.
• Neutral Sentiment: Analyst & PR flow: Several firms reiterated buy/outperform ratings and CEO media appearances have boosted narrative — helpful for sentiment but execution still matters. Read More.
• Negative Sentiment: Insider selling: Multiple Form 4s show CEO, COO, CFO and other insiders sold shares in early March — markets often interpret clustered insider sales as a near‑term negative signal. Read More.
• Negative Sentiment: Execution & cash‑burn risk: Q4 revenue remains small vs. a 2,000‑robot fleet (low per‑robot monetization); 2026 guidance ($26M) is well below earlier implied targets and planned CapEx (~$25M) tightens the cash runway and raises dilution/funding risk. Read More.

Serve Robotics Stock Performance

The stock has a market cap of $715.01 million, a price-to-earnings ratio of -6.04 and a beta of 0.90. The company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $11.64.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.03. Serve Robotics had a negative return on equity of 43.36% and a negative net margin of 3,821.98%.The company had revenue of $0.88 million during the quarter, compared to the consensus estimate of $0.77 million. As a group, sell-side analysts predict that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Trading of Serve Robotics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Serve Robotics by 527.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 52,874 shares of the company’s stock valued at $549,000 after acquiring an additional 44,442 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Serve Robotics during the 4th quarter worth about $115,000. Invesco Ltd. raised its holdings in shares of Serve Robotics by 43.1% in the 4th quarter. Invesco Ltd. now owns 35,433 shares of the company’s stock valued at $368,000 after purchasing an additional 10,678 shares during the period. Creek Drive Management Group LLC bought a new stake in shares of Serve Robotics in the 4th quarter valued at about $4,912,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Serve Robotics in the 4th quarter valued at about $106,000.

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.