Top US Growth Companies With High Insider Ownership In August 2024

As the U.S. stock market continues its upward momentum with major indices like the S&P 500 and Nasdaq Composite on pace for their eighth consecutive session of gains, investors are keenly observing growth companies that show strong insider ownership. In times of market recovery and anticipated interest rate cuts, stocks with high insider ownership can be particularly appealing as they often indicate confidence from those closest to the company's operations and future prospects.

Top 10 Growth Companies With High Insider Ownership In The United States

Name	Insider Ownership	Earnings Growth
Atour Lifestyle Holdings (NasdaqGS:ATAT)	26%	21.6%
Atlas Energy Solutions (NYSE:AESI)	29.1%	42.6%
PDD Holdings (NasdaqGS:PDD)	32.1%	21.8%
GigaCloud Technology (NasdaqGM:GCT)	25.7%	24.1%
Victory Capital Holdings (NasdaqGS:VCTR)	12%	32.3%
Hims & Hers Health (NYSE:HIMS)	13.7%	40.9%
On Holding (NYSE:ONON)	28.4%	24.7%
Credo Technology Group Holding (NasdaqGS:CRDO)	14.4%	60.9%
EHang Holdings (NasdaqGM:EH)	32.8%	74.9%
BBB Foods (NYSE:TBBB)	22.9%	70.7%

Click here to see the full list of 178 stocks from our Fast Growing US Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

ChromaDex (NasdaqCM:CDXC)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: ChromaDex Corporation is a bioscience company that develops healthy aging products and has a market cap of $254.17 million.

Operations: The company generates revenue from three primary segments: Ingredients ($11.70 million), Consumer Products ($71.00 million), and Analytical Reference Standards and Services ($2.88 million).

Insider Ownership: 26.1%

Earnings Growth Forecast: 106.1% p.a.

ChromaDex is trading at 53% below its estimated fair value and is expected to become profitable within three years, outpacing average market growth. The company's revenue is forecast to grow 18% annually, faster than the US market. Recent earnings show improved results with a net loss of US$0.015 million in Q2 2024, down from US$2.19 million a year ago. ChromaDex's innovative Niagen+ NAD+ Test Kit and pharmaceutical-grade Niagen products highlight its growth potential despite recent share price volatility.

• Click here and access our complete growth analysis report to understand the dynamics of ChromaDex.
• According our valuation report, there's an indication that ChromaDex's share price might be on the cheaper side.

Baldwin Insurance Group (NasdaqGS:BWIN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm providing insurance and risk management solutions in the United States with a market cap of approximately $4.97 billion.

Operations: The company's revenue segments include Insurance Advisory Solutions at $664.25 million, Mainstreet Insurance Solutions at $261.64 million, and Underwriting, Capacity & Technology Solutions at $457.89 million.

Insider Ownership: 22.9%

Earnings Growth Forecast: 115.9% p.a.

Baldwin Insurance Group's high insider ownership aligns with its strong growth trajectory, despite recent financial challenges. The company's revenue grew to US$339.84 million in Q2 2024, up from US$297.19 million a year ago, though it reported a net loss of US$17.56 million. Forecasts indicate robust earnings growth at 115.9% per year and profitability within three years, outpacing the market average. Recent executive appointments and the launch of Cyber Navigator underscore Baldwin’s commitment to innovation and expansion in the insurance sector.

• Take a closer look at Baldwin Insurance Group's potential here in our earnings growth report.
• The analysis detailed in our Baldwin Insurance Group valuation report hints at an inflated share price compared to its estimated value.

Shutterstock (NYSE:SSTK)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Shutterstock, Inc. operates a platform that connects brands and businesses to high-quality content across North America, Europe, and internationally, with a market cap of approximately $1.28 billion.

Operations: Shutterstock generates revenue primarily from its Internet Information Providers segment, which amounted to $884.84 million.

Insider Ownership: 25.8%

Earnings Growth Forecast: 29.6% p.a.

Shutterstock’s high insider ownership complements its growth potential, despite recent financial volatility. The company reported Q2 2024 sales of US$220.05 million but saw a sharp decline in net income to US$3.63 million from US$50.01 million a year ago. With earnings forecasted to grow 29.61% annually, the introduction of generative AI products and significant insider buying indicate strong internal confidence and strategic positioning for future expansion in the AI-driven content market.

• Navigate through the intricacies of Shutterstock with our comprehensive analyst estimates report here.
• In light of our recent valuation report, it seems possible that Shutterstock is trading beyond its estimated value.

Taking Advantage

• Unlock our comprehensive list of 178 Fast Growing US Companies With High Insider Ownership by clicking here.
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Ready To Venture Into Other Investment Styles?

• 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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