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Serve robotics chief hardware officer sells $133,591 in SERV

Published 09/09/2025, 01:44
Serve robotics chief hardware officer sells $133,591 in SERV
SERV
12.95%

Euan Abraham, Chief Hardware & Mftg Officer at Serve Robotics Inc. (NASDAQ:SERV), sold 12,603 shares of common stock on September 8, 2025, at a price of $10.60, for a total transaction value of $133,591.

Following the transaction, Abraham directly owns 260,452 shares of Serve Robotics Inc. With a market capitalization of approximately $598 million, InvestingPro analysis indicates the stock is currently trading above its Fair Value. Discover comprehensive insights and 10+ additional ProTips for SERV in the detailed Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Serve Robotics announced its second-quarter 2025 earnings, reporting 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. In response to these earnings results, Seaport Global Securities downgraded Serve Robotics’ stock rating from Buy to Neutral, noting that revenue growth is expected to be more significant toward late 2026. Meanwhile, Cantor Fitzgerald reiterated an Overweight rating with a $17.00 price target, citing the company’s compelling unit economics and strategic partnerships. The firm also highlighted Serve Robotics’ deployment of 120 robots in the second quarter, expanding its total fleet to 400 units, with plans to reach approximately 2,000 robots by year-end. Additionally, Wedbush analyst Daniel Ives initiated coverage of Serve Robotics with an Outperform rating and a $15 price target, emphasizing the company’s potential in AI-driven last-mile delivery vehicles. These developments reflect a mix of optimism and caution among analysts regarding Serve Robotics’ future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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