Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Shares Sold by Periscope Capital Inc.

Periscope Capital Inc. lowered its position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 89.0% in the fourth quarter, Holdings Channel reports. The fund owned 22,100 shares of the company’s stock after selling 177,900 shares during the period. Periscope Capital Inc.’s holdings in Inflection Point Acquisition Corp. II were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westchester Capital Management LLC lifted its holdings in 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 buying an additional 175,000 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of 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 valued at $21,441,000 after acquiring an additional 595,250 shares during the period. Berkley W R Corp boosted its stake in Inflection Point Acquisition Corp. II by 10.0% during the 3rd quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock worth $12,955,000 after purchasing an additional 109,450 shares during the period. Centiva Capital LP boosted its stake 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 worth $6,816,000 after buying an additional 384,645 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of 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.

Inflection Point Acquisition Corp. II Price Performance

IPXX stock opened at $18.55 on Monday. Inflection Point Acquisition Corp. II has a 52 week low of $9.24 and a 52 week high of $15.25. The company’s 50-day moving average price is $11.96 and its 200 day moving average price is $11.35.

Analyst Ratings Changes

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

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.