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Serve Robotics CFO Sells 1330 Shares at $10.18/Share on Sept 2, 2025.
ByAinvest
Tuesday, Sep 2, 2025 4:13 pm ET1min read
Serve Robotics Inc. /DE/[SERV] has announced that its Chief Financial Officer, Brian Read, has sold 1,330 shares at a price of $10.18 per share on September 2, 2025.
Serve Robotics Inc. (SERV) has experienced significant market volatility following the announcement that its Chief Financial Officer, Brian Reed, sold 1,330 shares at a price of $10.18 per share on September 2, 2025. This transaction comes amidst a period of robust stock performance, with SERV's shares up 130% year-to-date [1].The insider sale has raised concerns among investors, who often interpret such transactions as a signal of potential internal doubts or valuation concerns. Reed's consistent selling of SERV shares, totaling 21,216 shares since late May, has sparked questions about the company's near-term prospects [1]. Despite the recent rally, the stock's performance has been driven largely by short-term momentum rather than fundamental improvements, which could lead to a potential correction.
Analysts, however, remain bullish on SERV. Wedbush analyst Dan Ives initiated coverage of Serve Robotics with an "outperform" rating and a $15 price target, citing the company's AI-driven autonomous delivery platform [2]. Ives believes that Serve Robotics' platform, which enables safe urban navigation for robot fleets, is uniquely positioned to capitalize on the growing trend of AI-driven last-mile delivery vehicles. The company aims to deploy 2,000 robots by the end of 2025, partnering with restaurants and US businesses to expand its reach [2].
The consensus rating on SERV stock currently sits at "buy" with a mean target of $17, indicating potential upside of another 45% from here [2]. However, the stock does not pay a dividend, making it less attractive for income-focused investors.
References:
[1] https://invezz.com/news/2025/08/27/cfo-brian-reed-has-been-selling-serve-robotics-stock-should-you-too/
[2] https://www.ainvest.com/news/serve-robotics-targeted-15-wedbush-eyes-2025-expansion-2508/
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