Top Growth Stocks With Insider Confidence In October 2024

In October 2024, global markets are navigating a landscape marked by rising U.S. Treasury yields, which have weighed on U.S. stocks and influenced market sentiment across regions. Despite these challenges, growth stocks have shown resilience, with the tech-heavy Nasdaq Composite Index managing to gain slightly amidst broader market declines. In such an environment, companies with high insider ownership can be particularly appealing as they often indicate strong internal confidence in the business's future prospects and alignment of interests between management and shareholders.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)	11.9%	21.1%
Kirloskar Pneumatic (BSE:505283)	30.3%	26.3%
People & Technology (KOSDAQ:A137400)	16.4%	35.6%
Arctech Solar Holding (SHSE:688408)	37.8%	29.8%
Laopu Gold (SEHK:6181)	36.4%	33.2%
Credo Technology Group Holding (NasdaqGS:CRDO)	13.9%	95%
Adveritas (ASX:AV1)	21.2%	144.2%
Plenti Group (ASX:PLT)	12.8%	107.6%
EHang Holdings (NasdaqGM:EH)	32.8%	81.4%
UTI (KOSDAQ:A179900)	33.1%	134.6%

Click here to see the full list of 1513 stocks from our Fast Growing Companies With High Insider Ownership screener.

Let's uncover some gems from our specialized screener.

Grupo Rotoplas. de (BMV:AGUA *)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Grupo Rotoplas S.A.B. de C.V. is involved in the manufacturing, purchasing, selling, and installation of plastic containers and accessories for water storage, conduction, and improvement solutions across Mexico, Argentina, the United States and internationally with a market cap of MX$9.99 billion.

Operations: The company's revenue is primarily derived from Individual Solutions, which account for MX$11.05 billion, and Comprehensive Solutions, contributing MX$803.32 million.

Insider Ownership: 37.9%

Earnings Growth Forecast: 16.7% p.a.

Grupo Rotoplas has experienced a decline in sales and net income in the recent quarter, with sales at MXN 2.84 billion and a net loss of MXN 73 million. Despite this, the company is trading significantly below its estimated fair value and is expected to see annual profit growth of 16.7%, outpacing the Mexican market's average. However, interest payments are not well covered by earnings, posing a potential risk to financial stability.

• Take a closer look at Grupo Rotoplas. de's potential here in our earnings growth report.
• Our valuation report here indicates Grupo Rotoplas. de may be undervalued.

Paratus Energy Services (OB:PLSV)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Paratus Energy Services Ltd. operates through its subsidiaries to own and manage jack-up drilling rigs under contracts in Mexico, with a market cap of NOK8.56 billion.

Operations: Revenue segments for Paratus Energy Services Ltd. include its operations managing jack-up drilling rigs under contracts in Mexico.

Insider Ownership: 29.1%

Earnings Growth Forecast: 25.2% p.a.

Paratus Energy Services is trading significantly below its estimated fair value and anticipates robust annual earnings growth of 25.2%, surpassing the Norwegian market's average. While revenue growth at 5.1% annually is modest, the company's high forecasted return on equity of 47.4% suggests strong future profitability. Recent announcements include a $100 million share buyback program, indicating confidence in its valuation despite interest payments not being well covered by current earnings levels.

• Get an in-depth perspective on Paratus Energy Services' performance by reading our analyst estimates report here.
• Insights from our recent valuation report point to the potential undervaluation of Paratus Energy Services shares in the market.

Dohome (SET:DOHOME)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dohome Public Company Limited, with a market cap of THB31.65 billion, operates in Thailand as a retailer and wholesaler of construction materials, office equipment, and household products.

Operations: The company's revenue from retail and wholesale activities in construction materials, office equipment, and household products amounts to THB30.75 billion.

Insider Ownership: 35%

Earnings Growth Forecast: 28.2% p.a.

Dohome's earnings are forecast to grow significantly at 28.17% annually, outpacing the Thai market's 15% growth rate, despite a low projected return on equity of 9.4%. Recent financial results show substantial profit growth, with net income for Q2 rising to THB 192.59 million from THB 39.39 million year-over-year. However, interest payments remain inadequately covered by earnings, and large one-off items have impacted financial results, highlighting potential risks amidst its high insider ownership structure.

• Click here to discover the nuances of Dohome with our detailed analytical future growth report.
• In light of our recent valuation report, it seems possible that Dohome is trading beyond its estimated value.

Summing It All Up

• Click here to access our complete index of 1513 Fast Growing Companies With High Insider Ownership.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Want To Explore Some Alternatives?

• 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.

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