Serve Robotics (NASDAQ:SERV) Trading Down 2.1% - Time to Sell?

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) fell 2.1% during trading on Thursday . The stock traded as low as $7.64 and last traded at $8.10. 1,690,013 shares traded hands during trading, a decline of 86% from the average session volume of 11,762,455 shares. The stock had previously closed at $8.28.Get Serve Robotics alerts:Analyst Ratings ChangesNVIDIA Invested in These 2 AI Stocks, Should You? Separately, Northland Securities set a $23.00 price objective on shares of Serve Robotics in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus price target of $19.50.Check Out Our Latest Report on Serve RoboticsServe Robotics Trading Down 6.2 %MarketBeat Week in Review – 10/21- 10/25The company has a 50-day moving average of $15.29 and a two-hundred day moving average of $11.67. Insider Transactions at Serve RoboticsIn related news, CEO Ali Kashani sold 2,500 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.52, for a total value of $33,800.00. Following the completion of the transaction, the chief executive officer now owns 3,344,498 shares of the company's stock, valued at approximately $45,217,612.96. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Touraj Parang sold 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.99, for a total value of $649,500.00. Following the sale, the chief operating officer now directly owns 1,163,439 shares in the company, valued at approximately $15,113,072.61. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,531 shares of company stock valued at $2,296,330 over the last quarter. 21.40% of the stock is currently owned by company insiders. Institutional Trading of Serve RoboticsIs This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?Several institutional investors have recently made changes to their positions in SERV. State Street Corp purchased a new position in Serve Robotics in the 3rd quarter worth approximately $333,000. Exchange Traded Concepts LLC purchased a new position in shares of Serve Robotics in the fourth quarter worth $9,066,000. Atomi Financial Group Inc. bought a new position in shares of Serve Robotics during the fourth quarter worth $209,000. Geode Capital Management LLC grew its stake in Serve Robotics by 128.1% during the third quarter. Geode Capital Management LLC now owns 130,853 shares of the company's stock valued at $1,041,000 after acquiring an additional 73,496 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in Serve Robotics during the fourth quarter valued at $142,000. About Serve Robotics (Get Free Report)Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.Recommended StoriesFive stocks we like better than Serve RoboticsDividend Payout Ratio CalculatorThese 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?Find and Profitably Trade Stocks at 52-Week Lows3 Stocks to Buy While Others Stay on the SidelinesWhat Is WallStreetBets and What Stocks Are They Targeting?MarketBeat Week in Review – 03/03 - 03/07This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Serve Robotics Right Now?Before you consider Serve Robotics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serve Robotics wasn't on the list.While Serve Robotics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here