Duos Technologies Group (NASDAQ:DUOT) Director James Craig Nixon Acquires 5,764 Shares of Stock

Duos Technologies Group, Inc. (NASDAQ:DUOT) Director James Nixon acquired 5,764 shares of the stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of $8.55 per share, with a total value of $49,282.20. Following the completion of the transaction, the director owned 84,523 shares in the company, valued at approximately $722,671.65. This represents a 7.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT opened at $9.18 on Wednesday. Duos Technologies Group, Inc. has a 1 year low of $6.17 and a 1 year high of $15.28. The business’s 50-day moving average is $8.94 and its 200-day moving average is $9.32. The company has a market capitalization of $269.16 million, a price-to-earnings ratio of 9.27 and a beta of 1.33.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC boosted its position in shares of Duos Technologies Group by 502.7% during the second quarter. Squarepoint Ops LLC now owns 134,888 shares of the company’s stock valued at $1,619,000 after buying an additional 112,508 shares during the last quarter. Alyeska Investment Group L.P. raised its position in 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 valued at $24,000,000 after buying an additional 93,341 shares during the last quarter. Bank of America Corp DE purchased a new stake in Duos Technologies Group in the 2nd quarter valued at $237,000. Legal & General Group Plc bought a new position in Duos Technologies Group during the 2nd quarter valued at $31,000. Finally, PEAK6 LLC bought a new position in Duos Technologies Group during the 2nd quarter valued at $943,000. Institutional investors and hedge funds own 42.61% of the company’s stock.

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.