Serve Robotics (NASDAQ:SERV) COO Touraj Parang Sells 3,888 Shares

Serve Robotics Inc. (NASDAQ:SERV) COO Touraj Parang sold 3,888 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.26, for a total transaction of $36,002.88. Following the sale, the chief operating officer owned 1,302,463 shares of the company’s stock, valued at $12,060,807.38. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 6th, Touraj Parang sold 5,993 shares of Serve Robotics stock. The stock was sold at an average price of $9.29, for a total transaction of $55,674.97.
• On Wednesday, April 8th, Touraj Parang sold 3,861 shares of Serve Robotics stock. The shares were sold at an average price of $8.62, for a total value of $33,281.82.
• On Tuesday, March 10th, Touraj Parang sold 3,922 shares of Serve Robotics stock. The shares were sold at an average price of $9.72, for a total value of $38,121.84.
• On Wednesday, February 11th, Touraj Parang sold 3,558 shares of Serve Robotics stock. The stock was sold at an average price of $10.17, for a total transaction of $36,184.86.

Serve Robotics Price Performance

Serve Robotics stock traded down $0.32 during midday trading on Friday, reaching $8.77. The stock had a trading volume of 5,537,114 shares, compared to its average volume of 4,885,194. The firm’s fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $10.68. Serve Robotics Inc. has a twelve month low of $6.60 and a twelve month high of $18.64. The firm has a market cap of $678.14 million, a price-to-earnings ratio of -5.52 and a beta of 0.96.

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

Institutional Investors Weigh In On Serve Robotics

Several hedge funds have recently made changes to their positions in the stock. Next Capital Management LLC lifted its stake in shares of Serve Robotics by 60.9% in the first quarter. Next Capital Management LLC now owns 26,425 shares of the company’s stock valued at $223,000 after buying an additional 10,000 shares during the period. Swiss National Bank raised its stake in shares of Serve Robotics by 5.2% in the first quarter. Swiss National Bank now owns 117,800 shares of the company’s stock valued at $994,000 after purchasing an additional 5,800 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Serve Robotics by 28.7% in the first quarter. Wealthfront Advisers LLC now owns 14,791 shares of the company’s stock valued at $125,000 after purchasing an additional 3,302 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Serve Robotics by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 179,781 shares of the company’s stock valued at $1,517,000 after buying an additional 27,881 shares in the last quarter. Finally, NFSG Corp raised its stake in shares of Serve Robotics by 27.6% in the 1st quarter. NFSG Corp now owns 11,570 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday. Cantor Fitzgerald cut their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Serve Robotics in a report on Friday, March 27th. Finally, Guggenheim initiated coverage on Serve Robotics in a report on Monday, April 20th. They set a “buy” rating and a $13.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.67.

Key Stories Impacting Serve Robotics

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

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.