Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Upgraded to “Moderate Buy” at Benchmark

Benchmark upgraded shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) to a moderate buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen upgraded Inflection Point Acquisition Corp. III to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings upgraded Inflection Point Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Inflection Point Acquisition Corp. III Trading Down 0.1%

Shares of NASDAQ IPCX opened at $10.40 on Tuesday. The firm’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.25. Inflection Point Acquisition Corp. III has a 1-year low of $10.05 and a 1-year high of $10.43.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IPCX. PenderFund Capital Management Ltd. purchased a new stake in Inflection Point Acquisition Corp. III during the fourth quarter worth about $51,000. Geode Capital Management LLC raised its position in Inflection Point Acquisition Corp. III by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 65,585 shares of the company’s stock worth $665,000 after acquiring an additional 6,708 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in Inflection Point Acquisition Corp. III by 12.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 180,000 shares of the company’s stock valued at $1,825,000 after acquiring an additional 20,025 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at approximately $273,000. Finally, K2 Principal Fund L.P. grew its position in shares of Inflection Point Acquisition Corp. III by 11.5% during the 4th quarter. K2 Principal Fund L.P. now owns 276,543 shares of the company’s stock valued at $2,804,000 after acquiring an additional 28,477 shares during the period.

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.