Duos Technologies Group (NASDAQ:DUOT) Stock: Insider Frank Douglas Recker Buys 9,250 Shares

Duos Technologies Group, Inc. (NASDAQ:DUOT) CEO Frank Recker bought 9,250 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of $9.14 per share, for a total transaction of $84,545.00. Following the completion of the acquisition, the chief executive officer owned 9,250 shares of the company’s stock, valued at $84,545. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Duos Technologies Group Stock Performance

Shares of NASDAQ:DUOT opened at $9.55 on Friday. Duos Technologies Group, Inc. has a 52-week low of $6.17 and a 52-week high of $15.28. The company has a market capitalization of $280.01 million, a P/E ratio of 9.65 and a beta of 1.33. The company has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $9.34.

Analyst Upgrades and Downgrades

DUOT has been the subject of several research reports. Weiss Ratings downgraded Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Zacks Research upgraded Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Cantor Fitzgerald boosted their price target on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Ascendiant Capital Markets increased their price objective on shares of Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.50.

Institutional Trading of Duos Technologies Group

Several institutional investors and hedge funds have recently modified their holdings of DUOT. Squarepoint Ops LLC grew its position in Duos Technologies Group by 502.7% in the second quarter. Squarepoint Ops LLC now owns 134,888 shares of the company’s stock valued at $1,619,000 after acquiring an additional 112,508 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Duos Technologies Group by 4.9% in the second quarter. Alyeska Investment Group L.P. now owns 2,000,000 shares of the company’s stock worth $24,000,000 after acquiring an additional 93,341 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Duos Technologies Group in the 2nd quarter valued at approximately $237,000. Legal & General Group Plc bought a new stake in shares of Duos Technologies Group during the 2nd quarter valued at approximately $31,000. Finally, PEAK6 LLC acquired a new position in Duos Technologies Group during the 2nd quarter worth approximately $943,000. 42.61% of the stock is currently owned by institutional investors.

About Duos Technologies Group

Duos Technologies Group, Inc is a technology company that develops artificial intelligence, machine learning and machine-vision solutions for railroads, transportation operators and other critical infrastructure customers. The company’s systems are designed to automate inspection, monitoring and security processes, helping customers identify potential equipment defects and operational risks.

Its primary offerings include the Railcar Inspection Portal, an automated system that uses high-resolution imaging and software analytics to inspect railcars as they pass through a portal at operating speeds.