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3 US Growth Companies With High Insider Ownership To Watch
As U.S. markets grapple with a downturn, highlighted by losses in major indices like the S&P 500, Nasdaq, and Dow due to disappointing earnings from big tech companies, investors are increasingly looking for opportunities beyond the usual giants. In this climate, growth companies with high insider ownership can be particularly appealing because they often signal strong internal confidence and alignment of interests between management and shareholders.
Top 10 Growth Companies With High Insider Ownership In The United States
Overview: Allegiant Travel Company is a leisure travel provider offering services and products to residents of under-served U.S. cities, with a market cap of approximately $1.15 billion.
Operations: Revenue Segments (in millions of $): Allegiant Travel generates revenue through its airline operations, ancillary air-related charges, and third-party products.
Insider Ownership: 15.3%
Earnings Growth Forecast: 117.5% p.a.
Allegiant Travel is forecast to achieve significant earnings growth of 117.54% per year, outpacing the US market's average growth. Although its revenue growth of 10.3% annually is slower than some high-growth peers, it remains above the broader market rate. Insider transactions show more buying than selling recently, albeit not in large volumes. However, ongoing labor disputes and financial commitments like Sunseeker Resort Charlotte Harbor pose potential challenges to its profitability trajectory and operational stability.
Overview: Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for the U.S. workforce, with a market cap of approximately $10.29 billion.
Operations: The company generates revenue from its cloud-based software solution segment, amounting to $1.45 billion.
Insider Ownership: 21.1%
Earnings Growth Forecast: 16.3% p.a.
Paylocity Holding's earnings are forecast to grow at 16.3% annually, surpassing the US market average. Recent quarterly results show revenue of US$362.96 million and net income of US$49.57 million, highlighting strong financial performance. Insider transactions indicate more buying than selling recently, though not in substantial volumes. The company is exploring M&A opportunities while focusing on organic growth and product innovations like AI enhancements, which could support its growth trajectory amidst competitive pressures in the HR tech space.
Overview: UP Fintech Holding Limited offers online brokerage services primarily for Chinese investors and has a market cap of approximately $1.19 billion.
Operations: The company's revenue is primarily derived from its brokerage segment, totaling $250.01 million.
Insider Ownership: 19.9%
Earnings Growth Forecast: 34.4% p.a.
UP Fintech Holding's earnings are forecast to grow significantly at 34.42% annually, outpacing the US market average. Despite recent shareholder dilution and a volatile share price, its revenue growth of 13.9% per year is expected to exceed the broader market's rate. The company recently completed a $93.75 million follow-on equity offering, which may support future expansion efforts despite past declines in net income and earnings per share compared to last year’s results.
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.
