Insider Selling: Serve Robotics (NASDAQ:SERV) COO Sells $172,868.15 in Stock

Posted by Brenda Bartman on Aug 22nd, 2026

Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) COO Touraj Parang sold 37,993 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.55, for a total value of $172,868.15. Following the completion of the sale, the chief operating officer owned 1,260,251 shares in the company, valued at approximately $5,734,142.05. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed 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, June 10th, Touraj Parang sold 4,219 shares of Serve Robotics stock. The stock was sold at an average price of $7.24, for a total value of $30,545.56.

Serve Robotics Stock Up 5.1%

Shares of Serve Robotics stock opened at $4.98 on Friday. The stock has a market capitalization of $431.82 million, a price-to-earnings ratio of -2.03 and a beta of 1.34. Serve Robotics Inc. has a twelve month low of $4.32 and a twelve month high of $18.64. The company has a 50-day simple moving average of $5.63 and a two-hundred day simple moving average of $7.90.

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

Hedge Funds Weigh In On Serve Robotics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its position in Serve Robotics by 1,336.1% during the second quarter. TD Waterhouse Canada Inc. now owns 35,040 shares of the company’s stock valued at $229,000 after buying an additional 32,600 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Serve Robotics in the second quarter worth about $71,000. Wedbush Securities Inc. raised its position in Serve Robotics by 52.7% in the second quarter. Wedbush Securities Inc. now owns 31,130 shares of the company’s stock worth $205,000 after acquiring an additional 10,750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Serve Robotics by 13.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,835 shares of the company’s stock valued at $756,000 after acquiring an additional 13,965 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Serve Robotics in the second quarter valued at about $955,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald lowered shares of Serve Robotics from an “overweight” rating to a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Oppenheimer decreased their price objective on Serve Robotics from $20.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Freedom Capital raised Serve Robotics from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Finally, Guggenheim dropped their target price on Serve Robotics from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

View Our Latest Stock Analysis on SERV

Serve Robotics Company Profile

(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.