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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was upgraded by investment analysts at Benchmark to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on IPCX. Wall Street Zen raised shares of Inflection Point Acquisition Corp. III to a “hold” rating in a report on Saturday, July 18th. 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. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Inflection Point Acquisition Corp. III Stock Down 0.1%

Inflection Point Acquisition Corp. III stock opened at $10.40 on Tuesday. The firm’s fifty day moving average is $10.34 and its 200 day moving average is $10.25. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.43.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IPCX. JPMorgan Chase & Co. bought a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth about $16,747,000. Berkley W R Corp grew its holdings in 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 valued at $12,008,000 after purchasing an additional 787,313 shares during the last quarter. AQR Arbitrage LLC purchased a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter worth about $10,585,000. Meteora Capital LLC raised its position in Inflection Point Acquisition Corp. III by 5.4% in the 3rd quarter. Meteora Capital LLC now owns 1,036,232 shares of the company’s stock worth $10,435,000 after purchasing an additional 53,335 shares during the period. Finally, Toronto Dominion Bank lifted its stake 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 worth $8,082,000 after purchasing an additional 397,579 shares during the last 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.