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Serve Robotics Inc. (NASDAQ:SERV) Chief Executive Officer Ali Kashani sold 7,467 shares of common stock on August 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as the robotics company’s stock has experienced significant volatility, with shares down nearly 36% over the past six months, though showing recent strength with positive momentum in the last quarter.
The shares were sold at a price of $10.74, for a total transaction value of $80,195. The filing indicates the sale was to cover tax obligations related to the vesting of restricted stock units. According to InvestingPro data, which offers comprehensive analysis of 1,400+ stocks, analysts maintain a Strong Buy consensus on SERV shares with significant upside potential from current levels.
Following the transaction, Kashani directly owns 3,598,737 shares of Serve Robotics Inc. In addition, Kashani indirectly owns 16,070 shares through a spouse. The company, currently valued at $555 million, is scheduled to report earnings tomorrow, which could provide crucial insights into its growth trajectory.
In other recent news, Serve Robotics Inc. reported a significant revenue surge for the first quarter of 2025, with a 150% sequential growth to $440,000. Despite this increase in revenue, the company faced a larger-than-expected loss, with earnings per share reported at -$0.16. This financial performance did not meet market expectations, impacting investor sentiment. Additionally, Serve Robotics expanded its autonomous delivery service to the Atlanta metro area, marking its fourth major market launch. This expansion is part of an ongoing partnership with Uber (NYSE:UBER) Eats, following previous launches in Los Angeles, Miami, and Dallas-Fort Worth. In a related development, Serve Robotics has also partnered with Little Caesars (NASDAQ:CZR) to offer robot delivery in Los Angeles through the Uber Eats platform. This partnership allows customers to receive pizza orders via Serve’s autonomous robots, which are equipped to maintain food temperature during transit. These recent developments highlight Serve Robotics’ efforts to broaden its market presence and strengthen its delivery capabilities.
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