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Anthony Armenta, Chief Software & Data Officer at Serve Robotics Inc (NASDAQ:SERV), sold 49,082 shares of common stock on November 14, 2025, at a price of $9.317, for a total transaction value of $457,296.
Following the transaction, Armenta directly owns 560,037 shares of Serve Robotics Inc. common stock. The sale was executed to cover tax obligations related to the vesting of restricted stock units (RSUs).
In other recent news, Serve Robotics reported a significant increase in revenue for the third quarter of 2025, achieving a 210% year-over-year growth. However, the company’s earnings per share fell short of expectations. Despite this, Cantor Fitzgerald has maintained its Overweight rating on Serve Robotics with a price target of $17.00. The firm noted the company’s progress in deploying robots, with approximately 500 robots deployed in the third quarter alone. Serve Robotics has now deployed over 1,000 robots, including a record 380 in September. Looking ahead, the company guided for fiscal year 2025 revenue of approximately $2.5 million, which is below Cantor Fitzgerald’s preliminary estimate of $3.3 million. Additionally, Serve Robotics projects fiscal year 2026 revenues to be ten times that of FY25. These recent developments highlight the company’s ongoing growth and strategic plans.
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