Insider Selling: Serve Robotics (NASDAQ:SERV) CFO Sells 2,790 Shares of Stock

Serve Robotics Inc. (NASDAQ:SERV) CFO Brian Read sold 2,790 shares of Serve Robotics stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $9.29, for a total transaction of $25,919.10. Following the completion of the transaction, the chief financial officer owned 318,768 shares in the company, valued at approximately $2,961,354.72. This trade represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Read also recently made the following trade(s):

• On Thursday, May 7th, Brian Read sold 201 shares of Serve Robotics stock. The shares were sold at an average price of $9.26, for a total transaction of $1,861.26.
• On Friday, May 1st, Brian Read sold 1,179 shares of Serve Robotics stock. The shares were sold at an average price of $9.29, for a total transaction of $10,952.91.
• On Wednesday, April 8th, Brian Read sold 200 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total transaction of $1,724.00.
• On Tuesday, March 10th, Brian Read sold 203 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total transaction of $1,973.16.
• On Tuesday, March 3rd, Brian Read sold 1,268 shares of Serve Robotics stock. The shares were sold at an average price of $9.61, for a total transaction of $12,185.48.
• On Wednesday, February 11th, Brian Read sold 185 shares of Serve Robotics stock. The shares were sold at an average price of $10.17, for a total transaction of $1,881.45.

Serve Robotics Stock Down 3.5%

Shares of NASDAQ SERV traded down $0.32 during trading on Friday, hitting $8.77. 5,537,114 shares of the company traded hands, compared to its average volume of 4,885,194. Serve Robotics Inc. has a 1 year low of $6.60 and a 1 year high of $18.64. The company has a 50-day moving average price of $9.25 and a 200-day moving average price of $10.68. The firm has a market capitalization of $678.14 million, a P/E ratio of -5.52 and a beta of 0.96.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.08). Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. The company had revenue of $2.98 million for the quarter, compared to analysts’ expectations of $2.83 million. Research analysts predict that Serve Robotics Inc. will post -2.59 EPS for the current fiscal year.

Serve Robotics News Roundup

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

• Positive Sentiment: Serve reported first-quarter revenue of $2.98 million, well above estimates, with revenue up 578% year over year and 238% sequentially, showing rapid top-line growth. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: The company raised optimism around its long-term addressable market, citing physical AI and autonomous delivery upside, which may support the investment thesis. Serve Robotics points to its physical AI, autonomous delivery upside
• Positive Sentiment: Serve’s expanding operating footprint and new vertical exposure from the Diligent Robotics acquisition could improve growth prospects over time. Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
• Positive Sentiment: Analyst sentiment improved after the report, with LADENBURG THALM/SH upgrading Serve Robotics to “strong-buy.” Zacks.com
• Neutral Sentiment: Vancouver approved a 6-month delivery robot pilot program, which is supportive of industry adoption but is not a direct financial catalyst yet. Vancouver approves 6-month delivery robot pilot program
• Neutral Sentiment: Coverage around delivery robots expanding in cities like Vancouver and Los Angeles suggests broader market acceptance, but the impact on SERV’s near-term earnings is uncertain. No tip required: food-delivery robots to roll on Vancouver sidewalks
• Negative Sentiment: Despite strong revenue growth, Serve posted a Q1 loss of $0.65 per share, wider than a year ago and below expectations, highlighting continued profitability pressure. Serve Robotics Inc. (SERV) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Management’s FY 2026 revenue guidance of about $26 million only slightly topped consensus, suggesting investors may still be waiting for a bigger upside surprise. Serve Robotics stock page
• Negative Sentiment: The company continues to report very weak margins and negative return on equity, reinforcing concerns that scaling the business remains expensive. Serve Robotics stock page

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SERV. Farther Finance Advisors LLC bought a new position in shares of Serve Robotics in the 3rd quarter worth about $27,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Serve Robotics in the 4th quarter worth about $31,000. Quadrant Capital Group LLC bought a new position in shares of Serve Robotics in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Serve Robotics by 299.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after buying an additional 2,392 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Serve Robotics by 514.1% in the 4th quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after buying an additional 2,879 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald dropped their price objective on shares of Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Guggenheim assumed coverage on shares of Serve Robotics in a research report on Monday, April 20th. They issued a “buy” rating and a $13.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Serve Robotics in a research report on Friday, March 27th. Finally, LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.67.

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.