As of October 2024, the U.S. markets have shown resilience with major indices like the S&P 500 and Nasdaq surging, driven by gains in large-cap technology stocks, while oil prices have seen a sharp decline. In this environment of fluctuating economic indicators and strong tech performance, growth companies with high insider ownership can offer unique insights into potential investment opportunities due to their alignment of interests between company insiders and shareholders.
Top 10 Growth Companies With High Insider Ownership In The United States
|
Name |
Insider Ownership |
Earnings Growth |
|
GigaCloud Technology (NasdaqGM:GCT) |
25.7% |
24.3% |
|
Atour Lifestyle Holdings (NasdaqGS:ATAT) |
26% |
23.2% |
|
Victory Capital Holdings (NasdaqGS:VCTR) |
10.2% |
32.2% |
|
Atlas Energy Solutions (NYSE:AESI) |
29.1% |
42.1% |
|
Super Micro Computer (NasdaqGS:SMCI) |
25.7% |
28.0% |
|
Hims & Hers Health (NYSE:HIMS) |
13.7% |
41.3% |
|
Credo Technology Group Holding (NasdaqGS:CRDO) |
14.0% |
95% |
|
EHang Holdings (NasdaqGM:EH) |
32.8% |
81.4% |
|
BBB Foods (NYSE:TBBB) |
22.9% |
51.2% |
|
Carlyle Group (NasdaqGS:CG) |
29.5% |
22% |
Below we spotlight a couple of our favorites from our exclusive screener.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mama’s Creations, Inc., with a market cap of $307.76 million, manufactures and markets fresh deli-prepared foods primarily in the United States.
Operations: The company generates revenue of $113.59 million from its food processing segment.
Insider Ownership: 10.2%
Mama’s Creations, recently added to the S&P Global BMI Index, is poised for significant earnings growth at 42.6% annually, outpacing the US market average of 15.3%. Despite a modest revenue increase to US$28.38 million in Q2 2024 and a decline in net income to US$1.15 million, the appointment of Moore Tappan as COO could enhance operational efficiency. The company’s amended credit facility extends its financial flexibility through November 2027.
Simply Wall St Growth Rating: ★★★★★☆
Overview: Niu Technologies designs, manufactures, and sells electric scooters in China, Europe, and internationally with a market cap of approximately $261.51 million.
Operations: The company generates revenue primarily from its electric scooter segment, with reported earnings of CN¥2.85 billion.
Insider Ownership: 36.2%
Niu Technologies is expected to achieve profitability in the next three years, with revenue growth projected at 24.8% annually, surpassing market averages. Despite recent volatility in share price and a current net loss of CNY 24.92 million for Q2 2024, the company maintains strong sales momentum with a year-over-year increase in units sold. The upcoming U.S. launch of the KQi 100F kick scooter could further bolster its position in urban mobility solutions.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Block, Inc. operates ecosystems centered on commerce and financial products and services both in the United States and internationally, with a market cap of $40.51 billion.
Operations: The company’s revenue is derived from its Square segment, generating $7.38 billion, and the Cash App segment, contributing $15.93 billion.
Insider Ownership: 10.2%
Block’s earnings are forecast to grow significantly at 32.3% annually, outpacing the US market, while revenue growth is slightly above market averages. Despite recent insider selling, Block has become profitable this year with Q2 net income of US$195.27 million and a strategic focus on bitcoin mining through its Proto initiative. The company also expanded its buyback program by US$3 billion, indicating confidence in its valuation and future prospects.
Summing It All Up
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include NasdaqCM:MAMA NasdaqGM:NIU and NYSE:SQ.
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