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Serve Robotics CFO Sells 1,212 Shares at $10.46/Share on July 30, 2025.
ByAinvest
Wednesday, Jul 30, 2025 5:03 pm ET1min read
Serve Robotics Inc., a Delaware-based company (NASDAQ: SERV), has announced that Brian Read, its Chief Financial Officer, has sold 1,212 shares at a price of $10.46 per share on July 30, 2023.
Serve Robotics Inc. (NASDAQ: SERV), a Delaware-based company specializing in autonomous sidewalk robots for food delivery, has seen its shares drop by 5.7% during mid-day trading on Tuesday, July 29, 2025. The company's stock reached a low of $10.70, with a significant decline in trading volume. This downturn follows recent insider transactions, including the sale of 29,100 shares by the CFO at $7.06 each and 10,700 shares by a director at $10.63 each [1].On July 30, 2023, the company's Chief Financial Officer, Brian Read, sold 1,212 shares at a price of $10.46 per share. This sale represents a notable decrease in the CFO's ownership stake in the company. Following this transaction, the CFO owned 240,900 shares, valued at $1,700,754. The trade was disclosed in a legal filing with the Securities & Exchange Commission (SEC) [1].
The recent insider selling and market volatility have raised questions about Serve Robotics' financial health and future prospects. Despite the company's "Buy" rating among analysts, with an average price target of $18.67, the stock has faced significant pressure. The market cap of Serve Robotics stands at $597.75 million, with a P/E ratio of -9.93 and a beta of 0.13 [1].
Serve Robotics has been expanding its autonomous delivery service, with recent launches in Atlanta and ongoing partnerships with major food delivery platforms like Uber Eats. The company's CEO, Ali Kashani, has been recognized for his entrepreneurial leadership, winning the 2025 EY Entrepreneur Of The Year Bay Area Award. However, the stock's recent performance and insider selling have cast a shadow over these strategic advancements [2].
Investors are advised to closely monitor Serve Robotics' upcoming earnings report, scheduled for August 7, 2025, and the company's annual meeting of stockholders on June 12, 2025. These events may provide further insights into the company's financial position and future direction.
References:
[1] https://www.marketbeat.com/instant-alerts/serve-robotics-nasdaqserv-trading-down-57-heres-why-2025-07-29/
[2] https://www.stocktitan.net/news/SERV/
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