Periscope Capital Inc. Trims Position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Periscope Capital Inc. lowered its position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 89.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,100 shares of the company’s stock after selling 177,900 shares during the quarter. Periscope Capital Inc. owned about 0.07% of Inflection Point Acquisition Corp. II worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 9,596 shares during the last quarter. Centiva Capital LP raised its position in shares of Inflection Point Acquisition Corp. II by 153.9% during the 3rd quarter. Centiva Capital LP now owns 634,645 shares of the company’s stock valued at $6,816,000 after buying an additional 384,645 shares during the period. Berkley W R Corp lifted its holdings in Inflection Point Acquisition Corp. II by 10.0% in the third quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock valued at $12,955,000 after acquiring an additional 109,450 shares during the last quarter. Mizuho Securities USA LLC grew its position in Inflection Point Acquisition Corp. II by 42.4% in the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company’s stock worth $21,441,000 after acquiring an additional 595,250 shares during the period. Finally, Westchester Capital Management LLC grew its holdings in shares of Inflection Point Acquisition Corp. II by 7.6% during the 3rd 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.

Wall Street Analysts Forecast Growth

Separately, Benchmark upgraded shares of Inflection Point Acquisition Corp. II to a “strong-buy” rating in a report on Thursday, February 27th.

Inflection Point Acquisition Corp. II Stock Up 72.0 %

Shares of NASDAQ IPXX opened at $18.55 on Monday. Inflection Point Acquisition Corp. II has a twelve month low of $9.24 and a twelve month high of $15.25. The stock has a fifty day simple moving average of $11.96 and a 200-day simple moving average of $11.35.

Inflection Point Acquisition Corp. II Company Profile

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.