Periscope Capital Inc. lessened its holdings in shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Free Report) by 89.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,100 shares of the company's stock after selling 177,900 shares during the period. Periscope Capital Inc. owned 0.07% of Inflection Point Acquisition Corp. II worth $254,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its position in Inflection Point Acquisition Corp. II by 62.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,962 shares of the company's stock valued at $268,000 after acquiring an additional 9,596 shares during the period. Centiva Capital LP increased its holdings in shares of Inflection Point Acquisition Corp. II by 153.9% during the third quarter. Centiva Capital LP now owns 634,645 shares of the company's stock valued at $6,816,000 after purchasing an additional 384,645 shares during the period. Berkley W R Corp raised its stake in shares of Inflection Point Acquisition Corp. II by 10.0% during the third quarter. Berkley W R Corp now owns 1,205,131 shares of the company's stock valued at $12,955,000 after purchasing an additional 109,450 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Inflection Point Acquisition Corp. II by 42.4% during the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company's stock valued at $21,441,000 after purchasing an additional 595,250 shares in the last quarter. Finally, Westchester Capital Management LLC lifted its holdings in Inflection Point Acquisition Corp. II by 7.6% in the third quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company's stock worth $26,504,000 after purchasing an additional 175,000 shares during the period.
Inflection Point Acquisition Corp. II Price Performance
NASDAQ:IPXX traded down $3.52 during midday trading on Friday, hitting $12.00. 360,883 shares of the stock were exchanged, compared to its average volume of 117,149. Inflection Point Acquisition Corp. II has a one year low of $9.24 and a one year high of $15.25. The business has a 50-day moving average price of $12.24 and a two-hundred day moving average price of $11.50.
Analysts Set New Price Targets
Separately, Benchmark upgraded shares of Inflection Point Acquisition Corp. II to a "strong-buy" rating in a research report on Thursday, February 27th.
View Our Latest Research Report on Inflection Point Acquisition Corp. II
Inflection Point Acquisition Corp. II Company Profile
(
Free Report)
Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.
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