Lineage Point Capital LP Lowers Position in Inflection Point Acquisition Corp. III $IPCX

Lineage Point Capital LP lessened its holdings in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 86.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,043 shares of the company’s stock after selling 364,184 shares during the quarter. Lineage Point Capital LP owned about 0.17% of Inflection Point Acquisition Corp. III worth $589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new stake in Inflection Point Acquisition Corp. III in the fourth quarter valued at approximately $51,000. Virtu Financial LLC purchased a new position in Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $273,000. Readystate Asset Management LP bought a new position in shares of Inflection Point Acquisition Corp. III in the 4th quarter worth $507,000. Geode Capital Management LLC increased its holdings in shares of Inflection Point Acquisition Corp. III by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 65,585 shares of the company’s stock worth $665,000 after buying an additional 6,708 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. purchased a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at $960,000.

Inflection Point Acquisition Corp. III Price Performance

Inflection Point Acquisition Corp. III stock opened at $4.23 on Friday. The firm has a fifty day simple moving average of $7.25 and a two-hundred day simple moving average of $9.21. Inflection Point Acquisition Corp. III has a twelve month low of $3.75 and a twelve month high of $11.50.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.08 EPS for the quarter.

Wall Street Analyst Weigh In

IPCX has been the subject of several research reports. Benchmark assumed coverage on shares of Inflection Point Acquisition Corp. III in a research report on Tuesday, July 21st. They issued a “speculative buy” rating and a $12.00 target price for the company. Weiss Ratings raised Inflection Point Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded Inflection Point Acquisition Corp. III from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Inflection Point Acquisition Corp. III Company 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.