Anthony Armenta, who serves as Chief Software & Data Officer at Serve Robotics Inc. (NASDAQ:SERV), executed a sale of 3,567 common shares on March 13, 2026. The shares traded at $9.82 apiece, producing a gross transaction value of $35,027.
Following the disposition, Armenta retains direct ownership of 540,919 shares of Serve Robotics. Company disclosures indicate the sale was undertaken to satisfy tax liabilities that arose upon the vesting of restricted stock units.
In separate corporate updates, Serve Robotics reported a notable revenue acceleration in the fourth quarter of 2025, with quarterly revenue of $0.9 million, representing a 400% increase year-over-year. For the full year 2025, the company recorded $2.7 million in revenue, which exceeded its prior guidance of $2.5 million.
Despite posting a negative earnings per share figure of -$0.34, the market response was constructive. Following the results, Freedom Capital Markets raised its price target on Serve Robotics to $18 from $16 and kept a Buy rating in place. Oppenheimer reiterated an Outperform rating with a $20 price target, citing improvements in bot utilization and the integration of Diligent Robotics as supportive factors.
Serve Robotics also increased its guidance for 2026, signaling management confidence in continued revenue growth into the new year. The combination of stronger-than-anticipated top-line results and analyst optimism underpinned the reception of the company's recent announcements.
Below are key takeaways and considerations drawn from the filings and corporate updates:
- Insider transaction: A small, targeted sale by a senior executive to address tax obligations tied to vested restricted stock units.
- Operational momentum: Rapid revenue growth in Q4 2025 and full-year revenue that outpaced guidance.
- Analyst reaction: Price target increases and reiterated favorable ratings from two brokerages, linked to improved bot utilization and integration efforts.
Where available, the facts above are taken directly from company disclosures and analyst commentary provided with the financial results.