October 2024's Top Growth Companies With High Insider Stakes

In This Article:

In the midst of escalating Middle East tensions and unexpected job gains in the U.S., global markets have experienced a mix of volatility and resilience. Despite these challenges, large-cap stocks in the U.S. managed to achieve their fourth consecutive weekly gain, reflecting a complex interplay between geopolitical events and domestic economic indicators. In such an environment, companies with strong growth potential and significant insider ownership can be particularly appealing, as high insider stakes often signal confidence from those closest to the business in its long-term prospects.

Top 10 Growth Companies With High Insider Ownership

Name

Insider Ownership

Earnings Growth

Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)

11.9%

21.1%

Archean Chemical Industries (NSEI:ACI)

22.9%

34%

Clinuvel Pharmaceuticals (ASX:CUV)

10.4%

27.4%

Atlas Energy Solutions (NYSE:AESI)

29.1%

42.1%

KebNi (OM:KEBNI B)

36.3%

86.1%

Credo Technology Group Holding (NasdaqGS:CRDO)

14.0%

95%

Plenti Group (ASX:PLT)

12.8%

106.4%

HANA Micron (KOSDAQ:A067310)

18.3%

100.3%

EHang Holdings (NasdaqGM:EH)

32.8%

81.4%

UTI (KOSDAQ:A179900)

33.1%

134.6%

Click here to see the full list of 1475 stocks from our Fast Growing Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

P/F Bakkafrost

Simply Wall St Growth Rating: ★★★★☆☆

Overview: P/F Bakkafrost, along with its subsidiaries, is engaged in the production and sale of salmon products across North America, Western Europe, Eastern Europe, Asia, and other international markets, with a market cap of NOK37.92 billion.

Operations: The company's revenue segments include Services (DKK869.76 million), Sales and Other (DKK9.97 billion), Farming Scotland (DKK1.66 billion), Freshwater Scotland (DKK141.35 million), Farming Faroe Islands (DKK3.76 billion), Fishmeal, Oil and Feed (DKK3.44 billion), and Freshwater Faroe Islands (DKK615 million).

Insider Ownership: 13.3%

Earnings Growth Forecast: 36.4% p.a.

P/F Bakkafrost shows strong growth potential with forecasted earnings growth of 36.4% annually, outpacing the Norwegian market. Recent insider activity indicates more buying than selling, albeit not in substantial volumes. Despite a net loss in Q2 2024, revenue increased to DKK 2.07 billion from DKK 1.67 billion year-over-year, highlighting robust operational momentum. Trading at a significant discount to its estimated fair value enhances its appeal as a growth-oriented investment opportunity with high insider ownership stability.