Citadel Advisors LLC Has $21.56 Million Stock Holdings in Inflection Point Acquisition Corp. (NASDAQ:IPAX)

Citadel Advisors LLC lifted its position in Inflection Point Acquisition Corp. (NASDAQ:IPAX – Get Rating) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,195,848 shares of the company’s stock after purchasing an additional 49,361 shares during the quarter. Citadel Advisors LLC owned 5.33% of Inflection Point Acquisition worth $21,563,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CSS LLC IL acquired a new stake in shares of Inflection Point Acquisition during the second quarter worth approximately $1,448,000. Taconic Capital Advisors LP grew its holdings in shares of Inflection Point Acquisition by 250.0% during the third quarter. Taconic Capital Advisors LP now owns 1,750,000 shares of the company’s stock worth $17,185,000 after purchasing an additional 1,250,000 shares during the last quarter. HGC Investment Management Inc. increased its stake in shares of Inflection Point Acquisition by 3,767.5% in the third quarter. HGC Investment Management Inc. now owns 1,160,236 shares of the company’s stock valued at $11,394,000 after buying an additional 1,130,236 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Inflection Point Acquisition in the third quarter valued at about $173,000. Finally, Aristeia Capital LLC acquired a new position in Inflection Point Acquisition during the 3rd quarter worth about $10,082,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

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Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and issued a $14.00 target price on shares of Inflection Point Acquisition in a research note on Tuesday, February 14th.

Inflection Point Acquisition Trading Down 18.3 %

Shares of IPAX opened at $10.26 on Thursday. The business’s fifty day moving average price is $15.43 and its two-hundred day moving average price is $11.82. Inflection Point Acquisition Corp. has a 52 week low of $9.00 and a 52 week high of $10.74.

About Inflection Point Acquisition

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Inflection Point Acquisition Corp. 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 in the consumer and technology industries. The company was incorporated in 2021 and is based in New York, New York.

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