Duos Technologies Group (NASDAQ:DUOT) CEO Purchases 9,250 Shares

Duos Technologies Group, Inc. (NASDAQ:DUOT) CEO Frank Douglas Recker acquired 9,250 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average cost of $9.14 per share, with a total value of $84,545.00. Following the acquisition, the chief executive officer directly owned 9,250 shares in the company, valued at approximately $84,545. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Duos Technologies Group Stock Down 2.2%

Shares of DUOT traded down $0.20 during mid-day trading on Wednesday, hitting $8.98. 263,964 shares of the company’s stock were exchanged, compared to its average volume of 692,234. Duos Technologies Group, Inc. has a 52 week low of $6.17 and a 52 week high of $15.28. The stock’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $9.32. The firm has a market cap of $263.29 million, a price-to-earnings ratio of 9.07 and a beta of 1.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Duos Technologies Group during the 2nd quarter worth $19,892,000. Regal Partners Ltd bought a new stake in shares of Duos Technologies Group in the 1st quarter valued at about $3,016,000. Royal Bank of Canada raised its position in shares of Duos Technologies Group by 37.8% during the first quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after acquiring an additional 365,324 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Duos Technologies Group in the fourth quarter worth approximately $3,085,000. Finally, Private Advisor Group LLC lifted its stake in shares of Duos Technologies Group by 152.3% in the first quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock worth $2,924,000 after acquiring an additional 257,242 shares during the period. Institutional investors and hedge funds own 42.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DUOT shares. Cantor Fitzgerald upped their target price on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Ascendiant Capital Markets upped 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 report on Monday, September 14th. Wall Street Zen upgraded shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings lowered shares of Duos Technologies Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Duos Technologies Group has an average rating of “Moderate Buy” and an average price target of $25.50.

Duos Technologies Group Company Profile

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.