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Parang Touraj, president & COO of Serve Robotics, sells $555k in stock

Published 09/09/2025, 02:26
Parang Touraj, president & COO of Serve Robotics, sells $555k in stock
SERV
4.21%

Serve Robotics NASDAQ:SERV President and COO Touraj Parang sold 53,690 shares of common stock on September 8, 2025, at a price of $10.35, for a total value of $555,691. The transaction comes as the stock has surged over 41% in the past six months, with shares currently trading at $10.50.

According to a Form 4 filing with the Securities and Exchange Commission, the transaction was related to covering tax obligations from vested restricted stock units. Following the transaction, Parang directly owns 1,365,416 shares of Serve Robotics Inc. NASDAQ:SERV, representing a significant stake in the $598 million market cap company. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 10+ additional insights available to subscribers, including detailed insider trading patterns and comprehensive valuation metrics.

In other recent news, Serve Robotics reported its second-quarter 2025 earnings, revealing a revenue of $641,000, which represents a 46% sequential growth. However, the company posted an earnings per share (EPS) of -$0.24, falling short of market expectations. Seaport Global Securities downgraded Serve Robotics from Buy to Neutral, noting that while second-quarter revenues were as anticipated, revenue growth is expected to be more pronounced in late 2026. Meanwhile, Wedbush analyst Daniel Ives initiated coverage of Serve Robotics with an Outperform rating and a $15 price target, citing the company’s strong position in the AI-driven last-mile delivery market. Cantor Fitzgerald also reiterated an Overweight rating with a $17 price target, emphasizing the company’s compelling unit economics and strategic partnerships. Serve Robotics has deployed 120 robots in the second quarter, increasing its total fleet to 400 units, with plans to expand to approximately 2,000 robots by year-end. These developments highlight the company’s ongoing efforts to strengthen its market position and expand its operational capabilities.

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