US Insider Picks: Top Growth Companies For September 2024
In This Article:
As the U.S. stock market faces a downturn with the S&P 500 and Nasdaq Composite closing lower amid concerns about tech stocks and economic health, investors are increasingly looking for stable opportunities in uncertain times. One indicator of potential stability and growth is high insider ownership, which often signals confidence from those closest to the company's operations.
Top 10 Growth Companies With High Insider Ownership In The United States
| Name | Insider Ownership | Earnings Growth |
| Atour Lifestyle Holdings (NasdaqGS:ATAT) | 26% | 23.2% |
| Atlas Energy Solutions (NYSE:AESI) | 29.1% | 42.1% |
| GigaCloud Technology (NasdaqGM:GCT) | 25.7% | 24.3% |
| Victory Capital Holdings (NasdaqGS:VCTR) | 10.2% | 32.3% |
| Hims & Hers Health (NYSE:HIMS) | 13.7% | 40.7% |
| On Holding (NYSE:ONON) | 28.4% | 24.4% |
| Credo Technology Group Holding (NasdaqGS:CRDO) | 14.1% | 60.9% |
| Carlyle Group (NasdaqGS:CG) | 29.5% | 22% |
| EHang Holdings (NasdaqGM:EH) | 32.8% | 78.8% |
| BBB Foods (NYSE:TBBB) | 22.9% | 91.3% |
Here we highlight a subset of our preferred stocks from the screener.
Intuitive Machines
Simply Wall St Growth Rating: ★★★★★☆
Overview: Intuitive Machines, Inc. designs, manufactures, and operates space products and services in the United States with a market cap of $638.90 million.
Operations: The company's revenue segments include Aerospace & Defense, which generated $157.77 million.
Insider Ownership: 10.8%
Earnings Growth Forecast: 80.6% p.a.
Intuitive Machines, a growth company with high insider ownership, is forecast to see revenue grow 32.6% annually and become profitable within three years. Despite recent volatility and past shareholder dilution, analysts expect an 88.5% rise in stock price. The company recently secured a $116.9 million NASA contract for lunar missions, reflecting its strong market position in space exploration services and supporting its raised revenue guidance of $210-$240 million for 2024.
MediaAlpha
Simply Wall St Growth Rating: ★★★★★★
Overview: MediaAlpha, Inc. operates an insurance customer acquisition platform in the United States and has a market cap of $1.14 billion.
Operations: MediaAlpha generates revenue of $496.67 million from its Internet Information Providers segment.
Insider Ownership: 12.6%
Earnings Growth Forecast: 61.3% p.a.
MediaAlpha, Inc. is forecast to achieve a 22.7% annual revenue growth rate, outpacing the broader US market. Recent financial results show significant improvement with second-quarter sales reaching US$178.27 million and net income turning positive at US$3.62 million from a prior loss of US$14.29 million. The company’s multi-year partnership extension with Insurify highlights its robust technology platform's market relevance, despite recent index exclusions and past shareholder dilution concerns.