Serve Robotics (SERV) Insider Lily Sarafan Buys 20,000 Shares

Lily Sarafan, associated with Serve Robotics Inc., purchased 20,000 shares of the company on June 17, 2026. This insider transaction adds to her holdings in the company, with the stock trading around $6.99 at the time of the purchase.

Other Institutional Activity in Serve Robotics

BlackRock, Inc. grew its holdings in Serve Robotics by 71,471 shares, ending with 4,850,232 shares valued at about $40.9 million. Vanguard Capital Management LLC initiated a position with 2,771,761 shares worth approximately $23.4 million. Exchange Traded Concepts, LLC increased its stake by 349,693 shares to hold 1,597,252 shares, valued at roughly $13.5 million. Geode Capital Management, LLC added 88,701 shares, bringing its total to 1,546,666 shares worth about $13.1 million.

Serve Robotics Inc. Stock Up 58.5%

Shares of NasdaqCM:SERV traded near $6.99. Serve Robotics Inc. has a market cap of around $593 million. The stock has a 52-week low of $6.84 and a high of $18.64. Its 50-day moving average is $8.78, while the 200-day moving average is $10.78. The company has a high beta of 1.875, indicating potential volatility compared to the market.

Recent Earnings

Serve Robotics Inc. reported revenue of approximately $5.2 million, with a modest growth of 5.78%. The company is not currently profitable, with a negative return on equity of -51.955%. The next earnings report is expected on May 7, 2026.

Insider Buying and Selling at Serve Robotics Inc.

On June 17, 2026, multiple insiders, including David Michael Goldberg and Olivier Vincent, also bought 20,000 shares each. Earlier, on June 16, 2026, David Michael Goldberg sold 10,600 shares at an average price of $7.20 as part of a planned transaction. On June 10, 2026, CFO Brian Read and CEO Ali Kashani sold 1,496 and 15,885 shares, respectively, at $7.24.

Analysts Set New Price Targets

On May 13, 2026, Ladenburg Thalmann maintained a buy rating with a $16.6 price target. The same day, Freedom Broker downgraded the stock to hold with an $18 price target. Guggenheim initiated coverage with a buy rating and a $13 target on April 20, 2026. Overall, analysts have a strong buy consensus with a target mean price of $18.45, based on eight opinions.

About Serve Robotics Inc.

Serve Robotics Inc. designs and operates low-emission robots for public and commercial spaces, focusing on food delivery in the U.S. Founded in 2017 and headquartered in Redwood City, California, the company builds self-driving delivery robots. Dr. Ali Kashani, Ph.D., leads the company as CEO, overseeing its team of 370 employees.

Bottom Line

Lily Sarafan's recent purchase of Serve Robotics shares highlights ongoing insider interest in the company. With a strong buy consensus from analysts and a target mean price significantly above the current trading level, Serve Robotics remains a company to watch. As always, it's important to remember that insider transactions and analyst ratings are just pieces of a larger investment puzzle.