Clare Market Investments LLC Invests $205,000 in Serve Robotics Inc. (NASDAQ:SERV)

Clare Market Investments LLC purchased a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,200 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in Serve Robotics during the 3rd quarter valued at $26,000. Blue Trust Inc. purchased a new position in shares of Serve Robotics during the fourth quarter valued at $27,000. Bogart Wealth LLC bought a new stake in shares of Serve Robotics in the fourth quarter valued at about $37,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Serve Robotics in the third quarter worth about $68,000. Finally, SG Americas Securities LLC bought a new position in Serve Robotics during the 4th quarter worth about $114,000.

Analysts Set New Price Targets

Separately, Northland Securities set a $23.00 price target on shares of Serve Robotics in a report on Tuesday, February 18th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of $19.50.

Serve Robotics Trading Down 10.1 %

Shares of NASDAQ:SERV opened at $6.68 on Tuesday. The company has a market capitalization of $295.91 million and a PE ratio of -5.57. Serve Robotics Inc. has a 12-month low of $1.77 and a 12-month high of $24.35. The business’s fifty day simple moving average is $15.12 and its 200-day simple moving average is $11.65.

Insider Buying and Selling at Serve Robotics

In related news, CEO Ali Kashani sold 37,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.16, for a total transaction of $793,500.00. Following the completion of the sale, the chief executive officer now owns 3,230,990 shares of the company’s stock, valued at $68,367,748.40. This represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 93,031 shares of company stock worth $1,613,030 over the last quarter. Insiders own 21.40% of the company’s stock.

Serve Robotics Company Profile

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.