142,800 Shares in Inflection Point Acquisition Corp. III $IPCX Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,800 shares of the company’s stock, valued at approximately $1,438,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.41% of Inflection Point Acquisition Corp. III at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IPCX. JPMorgan Chase & Co. acquired a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at approximately $16,747,000. MMCAP International Inc. SPC purchased a new position in Inflection Point Acquisition Corp. III in the third quarter worth $14,098,000. Picton Mahoney Asset Management acquired a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $7,552,000. Wealthspring Capital LLC purchased a new position in Inflection Point Acquisition Corp. III in the third quarter valued at about $5,357,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Inflection Point Acquisition Corp. III during the second quarter worth $4,848,000.

Inflection Point Acquisition Corp. III Trading Down 0.1%

Shares of IPCX stock opened at $10.18 on Friday. The firm’s 50-day simple moving average is $10.16 and its 200-day simple moving average is $10.15. Inflection Point Acquisition Corp. III has a 1-year low of $10.05 and a 1-year high of $10.35.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.