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

Duos Technologies Group, Inc. (NASDAQ:DUOT) CEO Frank Douglas Recker purchased 9,250 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was 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 in the company, valued at approximately $84,545. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Duos Technologies Group Stock Performance

Shares of NASDAQ:DUOT traded down $0.20 during trading on Wednesday, reaching $8.98. The stock had a trading volume of 263,964 shares, 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 firm’s fifty day moving average is $8.94 and its 200 day moving average is $9.32. The stock 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

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

Analyst Ratings Changes

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

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.