Insider Selling: Serve Robotics (NASDAQ:SERV) CFO Sells $46,560.00 in Stock

Posted by George Bondi on Aug 22nd, 2026

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) CFO Brian Read sold 9,700 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.80, for a total value of $46,560.00. Following the completion of the sale, the chief financial officer owned 276,002 shares of the company’s stock, valued at $1,324,809.60. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, August 18th, Brian Read sold 6,129 shares of Serve Robotics stock. The stock was sold at an average price of $4.56, for a total value of $27,948.24.
On Monday, August 17th, Brian Read sold 25,240 shares of Serve Robotics stock. The shares were sold at an average price of $5.24, for a total value of $132,257.60.
On Wednesday, June 10th, Brian Read sold 1,496 shares of Serve Robotics stock. The shares were sold at an average price of $7.24, for a total value of $10,831.04.

Serve Robotics Price Performance

NASDAQ:SERV opened at $4.98 on Friday. Serve Robotics Inc. has a 1-year low of $4.32 and a 1-year high of $18.64. The company has a 50-day moving average of $5.63 and a 200 day moving average of $7.90. The firm has a market cap of $431.82 million, a PE ratio of -2.03 and a beta of 1.34.

Serve Robotics (NASDAQ:SERV – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.11). Serve Robotics had a negative net margin of 2,315.80% and a negative return on equity of 55.34%. The business had revenue of $3.24 million for the quarter, compared to analysts’ expectations of $3.51 million. Sell-side analysts anticipate that Serve Robotics Inc. will post -2.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SERV has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on shares of Serve Robotics from $20.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. LADENBURG THALM/SH SH lifted their price target on Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings raised Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Guggenheim decreased their price objective on Serve Robotics from $13.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Cantor Fitzgerald downgraded Serve Robotics from an “overweight” rating to a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

Get Our Latest Report on SERV

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SERV. Quadrant Capital Group LLC purchased a new stake in Serve Robotics during the fourth quarter valued at approximately $31,000. Gordian Capital Singapore Pte Ltd purchased a new position in Serve Robotics in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in Serve Robotics by 299.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,192 shares of the company’s stock worth $33,000 after purchasing an additional 2,392 shares during the last quarter. CWM LLC grew its holdings in Serve Robotics by 514.1% in the fourth quarter. CWM LLC now owns 3,439 shares of the company’s stock worth $36,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Serve Robotics by 149.3% during the fourth quarter. Harbour Investments Inc. now owns 3,740 shares of the company’s stock worth $39,000 after purchasing an additional 2,240 shares in the last quarter.

About Serve Robotics

(Get Free Report)

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.