SkyView Investment Advisors LLC purchased a new stake in Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 153,314 shares of the company’s stock, valued at approximately $1,584,000. Inflection Point Acquisition Corp. III makes up about 1.3% of SkyView Investment Advisors LLC’s portfolio, making the stock its 21st largest holding. SkyView Investment Advisors LLC owned approximately 0.44% of Inflection Point Acquisition Corp. III at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Lineage Point Capital LP purchased a new position in shares of Inflection Point Acquisition Corp. III during the fourth quarter worth about $2,128,000. K2 Principal Fund L.P. raised its stake in Inflection Point Acquisition Corp. III by 11.5% in the fourth quarter. K2 Principal Fund L.P. now owns 276,543 shares of the company’s stock valued at $2,804,000 after purchasing an additional 28,477 shares in the last quarter. Finally, Clear Street Group Inc. raised its stake in Inflection Point Acquisition Corp. III by 39.6% in the fourth quarter. Clear Street Group Inc. now owns 301,000 shares of the company’s stock valued at $3,052,000 after purchasing an additional 85,309 shares in the last quarter.
Analyst Upgrades and Downgrades
IPCX has been the subject of a number of research reports. Weiss Ratings raised shares of Inflection Point Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Benchmark assumed coverage on shares of Inflection Point Acquisition Corp. III in a research report on Tuesday, July 21st. They set a “speculative buy” rating and a $12.00 price objective on the stock. Finally, Wall Street Zen raised shares of Inflection Point Acquisition Corp. III from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.00.
Inflection Point Acquisition Corp. III Price Performance
Shares of NASDAQ IPCX opened at $4.23 on Tuesday. Inflection Point Acquisition Corp. III has a 1-year low of $3.75 and a 1-year high of $11.50. The stock’s 50-day moving average is $6.52 and its 200 day moving average is $8.95.
Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter.
About Inflection Point Acquisition Corp. III
Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.
Like many SPACs, Inflection Point Acquisition Corp.
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