Insider Buying: Duos Technologies Group (NASDAQ:DUOT) CEO Acquires $84,545.00 in Stock

Duos Technologies Group, Inc. (NASDAQ:DUOT) CEO Frank Recker bought 9,250 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 9,250 shares of the company’s stock, valued at approximately $84,545. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Duos Technologies Group Trading Down 4.3%

DUOT stock opened at $9.14 on Friday. The company has a market capitalization of $267.98 million, a P/E ratio of 9.23 and a beta of 1.33. The business has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $9.34. Duos Technologies Group, Inc. has a twelve month low of $6.17 and a twelve month high of $15.28.

Wall Street Analyst Weigh In

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

Institutional Trading of Duos Technologies Group

A number of institutional investors have recently added to or reduced their stakes in DUOT. Legal & General Group Plc acquired a new position in Duos Technologies Group during the second quarter worth about $31,000. C2C Wealth Management LLC acquired a new stake in shares of Duos Technologies Group during the 1st quarter valued at approximately $75,000. Heck Capital Advisors LLC purchased a new stake in shares of Duos Technologies Group during the 2nd quarter worth approximately $164,000. Bank of America Corp DE boosted its stake in shares of Duos Technologies Group by 244.8% during the 1st quarter. Bank of America Corp DE now owns 29,644 shares of the company’s stock worth $203,000 after acquiring an additional 21,046 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Duos Technologies Group in the 2nd quarter worth approximately $262,000. Hedge funds and other institutional investors own 42.61% of the company’s stock.

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.