The US stock market has been performing well, with a 1.0% increase in the past week and a significant 27% rise over the last year. Stocks with high insider ownership are attractive in this thriving economic environment as they show strong confidence from those who know the company best.
Here are the top 10 growth companies with high insider ownership in the US:
1. GigaCloud Technology (NasdaqGM:GCT) – Insider Ownership: 27.5%, Earnings Growth: 20.9%
2. PDD Holdings (NasdaqGS:PDD) – Insider Ownership: 32.1%, Earnings Growth: 23%
3. Atour Lifestyle Holdings (NasdaqGS:ATAT) – Insider Ownership: 26%, Earnings Growth: 28.2%
4. Li Auto (NasdaqGS:LI) – Insider Ownership: 29.3%, Earnings Growth: 21.8%
5. Super Micro Computer (NasdaqGS:SMCI) – Insider Ownership: 14.3%, Earnings Growth: 40.2%
6. Bridge Investment Group Holdings (NYSE:BRDG) – Insider Ownership: 11.8%, Earnings Growth: 90%
7. EHang Holdings (NasdaqGM:EH) – Insider Ownership: 33%, Earnings Growth: 97.1%
8. Carlyle Group (NasdaqGS:CG) – Insider Ownership: 29.2%, Earnings Growth: 23.6%
9. ZKH Group (NYSE:ZKH) – Insider Ownership: 17.7%, Earnings Growth: 91.8%
10. BBB Foods (NYSE:TBBB) – Insider Ownership: 23.6%, Earnings Growth: 75.4%
Hims & Hers Health, Inc. is one of the notable picks with a growth rating of ★★★★☆☆. The company operates as a telehealth company connecting users to licensed healthcare professionals globally, with a market capitalization of approximately $2.77 billion. It generates revenue primarily through online retailing, amounting to $959.40 million.
The company has an insider ownership of 13.4% and an earnings growth forecast of 39.9% per annum. Hims & Hers Health has shown strong growth, with a significant increase in sales and turning a net loss into a profit. The company is optimistic about its future and projects revenues between $1.20 billion and $1.23 billion for the full year 2024. However, concerns remain regarding share price volatility and recent shareholder dilution.
This article by Simply Wall St provides general commentary based on historical data and analyst forecasts. It is not financial advice and does not constitute a recommendation to buy or sell any stock. Simply Wall St aims to provide long-term focused analysis driven by fundamental data. Feedback on the article can be directed to editorial-team@simplywallst.com.