2 weeks Ago By Defense World Staff
Bank of Montreal Can lowered its position in Serve Robotics Inc. (NASDAQ:SERV – Free Report) by 62.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 20,013 shares of the company’s stock after selling 33,632 shares during the period. Bank of Montreal Can’s holdings in Serve Robotics were worth $270,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SERV.
State Street Corp acquired a new position in Serve Robotics in the 3rd quarter valued at $333,000. Raymond James Financial Inc. bought a new position in Serve Robotics during the fourth quarter valued at about $1,978,000.
Exchange Traded Concepts LLC acquired a new position in Serve Robotics in the 4th quarter valued at approximately $9,066,000. Virtu Financial LLC bought a new stake in shares of Serve Robotics in the 4th quarter worth approximately $465,000. Finally, Atomi Financial Group Inc.
acquired a new stake in shares of Serve Robotics during the 4th quarter worth approximately $209,000. Insider Buying and Selling at Serve RoboticsIn related news, CEO Ali Kashani sold 3,713 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $9.
21, for a total transaction of $34,196.73. Following the completion of the sale, the chief executive officer now directly owns 3,225,852 shares of the company’s stock, valued at $29,710,096.
92. This trade represents a 0.11 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 11,369 shares of company stock valued at $90,704. 21.
40% of the stock is currently owned by company insiders. Analyst Upgrades and DowngradesSeparately, Northland Securities set a $23.00 target price on Serve Robotics in a research note on Tuesday, February 18th.
Two analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of $19.
50.Read Our Latest Stock Report on Serve RoboticsServe Robotics Price PerformanceShares of SERV stock opened at $6.66 on Friday.
The stock’s fifty day simple moving average is $7.25 and its 200 day simple moving average is $11.13.
Serve Robotics Inc. has a one year low of $1.77 and a one year high of $24.
35. The firm has a market cap of $379.07 million and a price-to-earnings ratio of -5.
55. Serve Robotics Profile (Free Report)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.Further ReadingFive stocks we like better than Serve Robotics3 Fintech Stocks With Good 2021 Prospects2 Strong Utilities Plays With Booming Earnings and Room to GrowWhy Invest in High-Yield Dividend Stocks?Why Smart Investors Don’t Panic in Election SeasonWhat is a penny stock? A comprehensive guideNow Is the Time to Buy ServiceNow—The Rebound Is Real.
