Top ASX Growth Companies With High Insider Ownership In September 2024

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Over the last 7 days, the Australian market has dropped 1.7%, driven by a decline of 5.4% in the Materials sector. However, over the longer term, the market has risen by 10% in the last year with earnings forecast to grow by 12% annually. In this context, identifying growth companies with high insider ownership can be particularly valuable as insiders often have deeper insights into their company's potential and may signal confidence in future performance.

Top 10 Growth Companies With High Insider Ownership In Australia

Name

Insider Ownership

Earnings Growth

Hartshead Resources (ASX:HHR)

13.9%

102.6%

Clinuvel Pharmaceuticals (ASX:CUV)

13.6%

27.4%

Catalyst Metals (ASX:CYL)

17%

61.8%

AVA Risk Group (ASX:AVA)

15.7%

118.8%

Pointerra (ASX:3DP)

18.7%

126.4%

Acrux (ASX:ACR)

14.6%

91.6%

Hillgrove Resources (ASX:HGO)

10.4%

70.5%

Adveritas (ASX:AV1)

21.1%

144.2%

Liontown Resources (ASX:LTR)

16.4%

69.7%

Plenti Group (ASX:PLT)

12.8%

106.4%

Click here to see the full list of 97 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

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

Aussie Broadband

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Aussie Broadband Limited offers telecommunications and technology services in Australia, with a market cap of A$1.14 billion.

Operations: The company's revenue segments include Business (A$96.97 million), Wholesale (A$159.73 million), Residential (A$585.07 million), Symbio Group (A$69.93 million), and Enterprise and Government (A$88.04 million).

Insider Ownership: 10.8%

Aussie Broadband's earnings are forecast to grow significantly at 27.3% per year, outpacing the Australian market's 12.1%. Despite recent shareholder dilution and large one-off items impacting financial results, ABB reported strong revenue growth from A$787.95 million to A$999.75 million in FY2024, with net income rising to A$26.38 million. Insider ownership remains high, though no substantial insider trading occurred in the past three months. Recent executive changes include a new Group CFO and an upcoming CTO transition.

ASX:ABB Ownership Breakdown as at Sep 2024
ASX:ABB Ownership Breakdown as at Sep 2024

Humm Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Humm Group Limited offers a range of financial products and services across Australia, New Zealand, Ireland, the United Kingdom, and Canada with a market cap of A$388.79 million.

Operations: The company's revenue segments include PosPP (A$49.70 million), Australia Cards (A$42 million), New Zealand Cards (A$65.90 million), and Commercial and Leasing (A$86.10 million).