Lineage Point Capital LP Sells 364,184 Shares of 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% during the second quarter, Holdings Channel reports. The firm owned 57,043 shares of the company’s stock after selling 364,184 shares during the quarter. Lineage Point Capital LP’s holdings in Inflection Point Acquisition Corp. III were worth $589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Berkley W R Corp lifted its holdings in Inflection Point Acquisition Corp. III by 198.4% in 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 during the period. AQR Arbitrage LLC purchased a new stake in Inflection Point Acquisition Corp. III in the third quarter worth $10,585,000. Meteora Capital LLC lifted its stake in Inflection Point Acquisition Corp. III by 5.4% in the third quarter. Meteora Capital LLC now owns 1,036,232 shares of the company’s stock worth $10,435,000 after acquiring an additional 53,335 shares during the period. Toronto Dominion Bank boosted its holdings in Inflection Point Acquisition Corp. III by 99.5% in the fourth quarter. Toronto Dominion Bank now owns 797,079 shares of the company’s stock valued at $8,082,000 after acquiring an additional 397,579 shares in the last quarter. Finally, Quarry LP purchased a new position in Inflection Point Acquisition Corp. III during the 4th quarter valued at $7,241,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IPCX shares. 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 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 upgraded Inflection Point Acquisition Corp. III from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Inflection Point Acquisition Corp. III Trading Up 7.0%

IPCX stock opened at $4.23 on Friday. The firm has a 50 day moving average price of $7.25 and a 200-day moving average price of $9.21. Inflection Point Acquisition Corp. III has a 52-week low of $3.75 and a 52-week high of $11.50.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.08 earnings per share 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.