Marti Technologies (NYSEAMERICAN:MRT) Director Daniel Freifeld Sells 500,000 Shares of Company Stock

Posted by Geri Gentry on Oct 2nd, 2026

Marti Technologies, Inc. (NYSEAMERICAN:MRT – Get Free Report) Director Daniel Freifeld sold 500,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $1.70, for a total transaction of $850,000.00. Following the completion of the transaction, the director directly owned 6,467,715 shares in the company, valued at $10,995,115.50. This trade represents a 7.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Daniel Freifeld also recently made the following trade(s):

On Wednesday, September 9th, Daniel Freifeld sold 350,000 shares of Marti Technologies stock. The stock was sold at an average price of $2.02, for a total transaction of $707,000.00.

Marti Technologies Trading Up 2.1%

NYSEAMERICAN MRT traded up $0.04 during trading hours on Friday, hitting $1.94. The company’s stock had a trading volume of 16,023 shares, compared to its average volume of 40,958. Marti Technologies, Inc. has a twelve month low of $1.12 and a twelve month high of $2.75. The stock has a fifty day moving average of $1.99 and a 200 day moving average of $1.92.

Marti Technologies (NYSEAMERICAN:MRT – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $19.98 million for the quarter. On average, analysts predict that Marti Technologies, Inc. will post -0.29 EPS for the current year.

Marti Technologies declared that its board has initiated a stock buyback program on Thursday, September 10th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Marti Technologies stock. Arbiter Partners Capital Management LLC grew its holdings in Marti Technologies, Inc. (NYSEAMERICAN:MRT – Free Report) by 24.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,254 shares of the company’s stock after acquiring an additional 56,319 shares during the quarter. Arbiter Partners Capital Management LLC owned 0.33% of Marti Technologies worth $573,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MRT. Citigroup reissued a “buy” rating on shares of Marti Technologies in a research note on Thursday, August 20th. Cantor Fitzgerald lowered their price target on Marti Technologies from $2.40 to $2.20 and set a “neutral” rating for the company in a research note on Monday, August 24th. Benchmark increased their price target on shares of Marti Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Alliance Global Partners assumed coverage on shares of Marti Technologies in a research note on Thursday, July 2nd. They set a “buy” rating and a $4.00 price objective on the stock. Finally, Roth Capital set a $3.50 price objective on shares of Marti Technologies in a report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3.92.

Read Our Latest Stock Analysis on Marti Technologies

Marti Technologies Company Profile

(Get Free Report)

Marti Technologies, Inc is a Turkey-based technology and mobility company that operates a digital transportation platform. Through its mobile application, the company connects users with transportation options designed for short-distance urban travel, including electric scooters, electric bicycles and mopeds.

Marti also operates TAG, an app-based ride-hailing and carpooling service that connects passengers with drivers. The company’s services are intended to provide convenient alternatives for navigating congested city environments and are primarily offered in Turkey, including Istanbul and other major urban areas.

Founded in 2018, Marti became a publicly traded company in 2023 through a business combination with Galata Acquisition Corp.