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Unveiling US Growth Companies With High Insider Ownership In May 2024

As of May 2024, the U.S. stock market is experiencing fluctuations with a notable decline in equity values amid rising bond yields, reflecting investor concerns about prolonged high interest rates. In such a market environment, growth companies with high insider ownership can be particularly compelling as these insiders may have significant confidence in their companies' long-term potential despite short-term market volatility.

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

Name

Insider Ownership

Earnings Growth

GigaCloud Technology (NasdaqGM:GCT)

25.9%

21.3%

PDD Holdings (NasdaqGS:PDD)

32.1%

23.2%

Atour Lifestyle Holdings (NasdaqGS:ATAT)

26%

21.7%

Super Micro Computer (NasdaqGS:SMCI)

14.3%

40.2%

Bridge Investment Group Holdings (NYSE:BRDG)

11.6%

98.2%

EHang Holdings (NasdaqGM:EH)

33%

101.9%

Carlyle Group (NasdaqGS:CG)

29.2%

23.6%

ZKH Group (NYSE:ZKH)

17.7%

102.8%

BBB Foods (NYSE:TBBB)

23.6%

92.4%

CarGurus (NasdaqGS:CARG)

16.6%

30%

Click here to see the full list of 176 stocks from our Fast Growing US Companies With High Insider Ownership screener.

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Below we spotlight a couple of our favorites from our exclusive screener.

Pagaya Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Pagaya Technologies Ltd. is a technology company that utilizes data science and proprietary AI technology to serve financial institutions and investors globally, with a market cap of approximately $823.86 million.

Operations: The company generates its revenue primarily from the Software & Programming segment, totaling $870.69 million.

Insider Ownership: 19.7%

Pagaya Technologies, a growth-oriented company with significant insider ownership, has shown promising developments. Recently, the company reported a substantial reduction in its net loss and an increase in revenue to US$245.28 million from US$186.64 million year-over-year for Q1 2024. Looking ahead, Pagaya expects Q2 network volumes between US$2.2 billion and US$2.4 billion with revenues reaching up to US$245 million. Despite these gains, the firm's share price remains highly volatile, and shareholders have experienced dilution over the past year.

NasdaqCM:PGY Earnings and Revenue Growth as at May 2024
NasdaqCM:PGY Earnings and Revenue Growth as at May 2024

Taboola.com

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Taboola.com Ltd. operates a global artificial intelligence-driven algorithmic engine platform, with operations spanning across Israel, the United States, the United Kingdom, Germany, and other international markets, boasting a market capitalization of approximately $1.38 billion.

Operations: The company generates its revenue primarily from advertising, which amounted to $1.53 billion.

Insider Ownership: 13.1%

Taboola.com, a company with high insider ownership, recently projected its Q2 2024 revenue between US$410 million and US$440 million and reaffirmed its full-year guidance at US$1.89 billion to US$1.94 billion. Despite a net loss of US$26.16 million in Q1 2024, the firm's sales increased to US$414.01 million from the previous year’s US$327.69 million, reflecting robust growth potential amid operational losses. The company also launched Taboola Select to deepen engagement with premium publishers and advertisers, enhancing its strategic positioning in digital advertising spaces.

NasdaqGS:TBLA Ownership Breakdown as at May 2024
NasdaqGS:TBLA Ownership Breakdown as at May 2024

SmartRent

Simply Wall St Growth Rating: ★★★★☆☆

Overview: SmartRent, Inc. is an enterprise real estate technology company that offers management software and applications to various stakeholders in the housing industry, both in the U.S. and internationally, with a market capitalization of approximately $516.68 million.

Operations: The company generates revenue primarily through its electronic security devices segment, amounting to $222.25 million.

Insider Ownership: 11.8%

SmartRent, a company with significant insider ownership, is on a trajectory to profitability within three years, aligning with above-average market growth expectations. Recently, SmartRent forecasted Q2 2024 revenues between US$49 million and US$55 million and set an annual target up to US$290 million. Noteworthy developments include the launch of an enhanced Alloy SmartHome Leak Sensor+ and a completed share repurchase worth US$6.37 million, underscoring its commitment to shareholder value amidst operational advancements.

NYSE:SMRT Ownership Breakdown as at May 2024
NYSE:SMRT Ownership Breakdown as at May 2024

Summing It All Up

Curious About Other Options?

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.

Companies discussed in this article include NasdaqCM:PGY NasdaqGS:TBLA and NYSE:SMRT.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com