Inflection Point Acquisition Corp. III $IPCX Holdings Increased by Clear Street Group Inc.

Clear Street Group Inc. grew its stake in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 39.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,000 shares of the company’s stock after buying an additional 85,309 shares during the quarter. Clear Street Group Inc. owned about 0.87% of Inflection Point Acquisition Corp. III worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IPCX. JPMorgan Chase & Co. bought a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth about $16,747,000. MMCAP International Inc. SPC bought a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth about $14,098,000. Hudson Bay Capital Management LP raised its position in shares of Inflection Point Acquisition Corp. III by 287.5% during the 3rd quarter. Hudson Bay Capital Management LP now owns 1,833,042 shares of the company’s stock worth $18,495,000 after buying an additional 1,360,042 shares in the last quarter. AQR Arbitrage LLC bought a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth about $10,585,000. Finally, Berkley W R Corp raised its position in shares of Inflection Point Acquisition Corp. III by 198.4% during the 4th quarter. Berkley W R Corp now owns 1,184,193 shares of the company’s stock worth $12,008,000 after buying an additional 787,313 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Inflection Point Acquisition Corp. III in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Inflection Point Acquisition Corp. III Stock Performance

IPCX stock opened at $10.32 on Friday. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35. The company’s 50 day simple moving average is $10.29 and its 200-day simple moving average is $10.21.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter.

Inflection Point Acquisition Corp. III Profile

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.