Top US Growth Stocks With Insider Ownership In October 2024

Simply Wall St.
31 Oct 2024

As of October 2024, the U.S. stock market is experiencing a period of volatility, with major indices like the Nasdaq Composite and S&P 500 facing declines amidst fluctuating corporate earnings and economic data. Amidst this backdrop, growth companies with high insider ownership can offer unique insights into potential resilience and alignment between management interests and shareholder value.

Top 10 Growth Companies With High Insider Ownership In The United States

Name Insider Ownership Earnings Growth
GigaCloud Technology (NasdaqGM:GCT) 25.6% 26%
Atour Lifestyle Holdings (NasdaqGS:ATAT) 26% 23.4%
Super Micro Computer (NasdaqGS:SMCI) 25.7% 27.8%
Victory Capital Holdings (NasdaqGS:VCTR) 10.2% 33.3%
Hims & Hers Health (NYSE:HIMS) 13.7% 37.4%
Duolingo (NasdaqGS:DUOL) 14.7% 41.8%
Bridge Investment Group Holdings (NYSE:BRDG) 11.3% 55.0%
Credo Technology Group Holding (NasdaqGS:CRDO) 13.9% 95%
EHang Holdings (NasdaqGM:EH) 32.8% 81.4%
BBB Foods (NYSE:TBBB) 22.9% 51.2%

Click here to see the full list of 192 stocks from our Fast Growing US Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

Atlassian

Simply Wall St Growth Rating: ★★★★★☆

Overview: Atlassian Corporation, with a market cap of approximately $49.99 billion, designs, develops, licenses, and maintains various software products worldwide through its subsidiaries.

Operations: The company's revenue is primarily derived from its Software & Programming segment, which generated $4.36 billion.

Insider Ownership: 38.7%

Atlassian demonstrates strong growth potential with high insider ownership, as insiders have been net buyers recently. The company is trading at 28.3% below its estimated fair value and is expected to achieve profitability within three years, outpacing average market growth. Revenue is forecasted to grow at 15.2% annually, surpassing the US market rate of 8.9%. Recent buybacks and a $750 million credit facility further bolster Atlassian's financial flexibility for future expansion initiatives.

  • Click here and access our complete growth analysis report to understand the dynamics of Atlassian.
  • Our valuation report here indicates Atlassian may be undervalued.
NasdaqGS:TEAM Ownership Breakdown as at Oct 2024

Altice USA

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Altice USA, Inc. and its subsidiaries offer broadband communications and video services across the United States, Canada, Puerto Rico, and the Virgin Islands, with a market cap of approximately $1.66 billion.

Operations: The company's revenue segments include Cable TV Services, generating approximately $9.11 billion.

Insider Ownership: 36.4%

Altice USA faces challenges with declining revenue, expected to decrease by 2.2% annually over the next three years, yet it is forecasted to achieve profitability in this period, exceeding average market growth. Despite negative shareholder equity and past dilution, its Return on Equity is projected to be very high at 113.9%. Recent earnings showed a decline in net income from US$78.3 million to US$15.36 million year-over-year, indicating financial hurdles despite trading at good value compared to peers.

  • Navigate through the intricacies of Altice USA with our comprehensive analyst estimates report here.
  • The analysis detailed in our Altice USA valuation report hints at an deflated share price compared to its estimated value.
NYSE:ATUS Earnings and Revenue Growth as at Oct 2024

JinkoSolar Holding

Simply Wall St Growth Rating: ★★★★☆☆

Overview: JinkoSolar Holding Co., Ltd. is involved in the design, development, production, and marketing of photovoltaic products and has a market cap of approximately $1.28 billion.

Operations: The company generates revenue from its manufacturing segment, which amounted to CN¥111.76 billion.

Insider Ownership: 37.4%

JinkoSolar Holding is experiencing substantial growth prospects, with earnings expected to rise significantly at 28.6% annually, surpassing market averages. Despite high debt levels and recent shareholder dilution, it trades well below its estimated fair value and offers good relative value compared to peers. Recent earnings showed a sharp decline in net income year-over-year, reflecting financial challenges. The company plans to issue A shares in Germany to fund expansion projects and reduce debt, maintaining significant insider ownership post-transaction.

  • Take a closer look at JinkoSolar Holding's potential here in our earnings growth report.
  • Insights from our recent valuation report point to the potential undervaluation of JinkoSolar Holding shares in the market.
NYSE:JKS Ownership Breakdown as at Oct 2024

Where To Now?

  • Take a closer look at our Fast Growing US Companies With High Insider Ownership list of 192 companies by clicking here.
  • Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
  • Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Curious About Other Options?

  • Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
  • Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
  • Find companies with promising cash flow potential yet trading below their fair value.

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 NasdaqGS:TEAM NYSE:ATUS and NYSE:JKS.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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