In the midst of a global market recovery, U.S. stocks have shown solid gains, particularly in the technology sector, bolstering hopes for a "soft landing" for the economy. As growth stocks continue to outpace value shares, it's crucial to identify companies with strong insider ownership as this often signals confidence from those closest to the business. When evaluating growth stocks in today's market environment, high insider ownership can be an important indicator of potential success and alignment between company leadership and shareholders.
Top 10 Growth Companies With High Insider Ownership
Overview: Pharma Mar, S.A. is a biopharmaceutical company focused on the research, development, production, and commercialization of bio-active principles for oncology across various regions including Europe and the United States, with a market cap of €673.49 million.
Operations: The company's revenue from oncology amounts to €194.09 million.
Insider Ownership: 11.9%
Pharma Mar, S.A. shows potential as a growth company with high insider ownership. Despite a slight decline in sales to EUR 42.02 million for H1 2024, its revenue increased to EUR 80.84 million. Net income dropped to EUR 3.54 million, but the company is forecasted to grow earnings by 53.33% annually and achieve profitability within three years, outpacing the Spanish market's revenue growth rate of 4.7%. Recent positive trial data for Zepzelca® further supports its innovative therapeutic pipeline in oncology.
Overview: Norbit ASA provides technology products and solutions with a market cap of NOK 5.71 billion.
Operations: Norbit ASA's revenue segments are as follows: null.
Insider Ownership: 14.6%
Norbit ASA's earnings are forecast to grow significantly at 30.1% annually, outpacing the Norwegian market. Revenue is expected to increase by 17.7% per year, faster than the market's 2.3%. Recent insider activity shows more buying than selling in the past three months, indicating confidence in future prospects. Q2 2024 results showed stable sales and slight net income growth, while strategic acquisitions and alliances like Toll4Europe enhance its competitive positioning.
Overview: Jahez International Company for Information Systems Technology operates an online food delivery platform under the Jahez brand name in Saudi Arabia, with a market cap of SAR4.85 billion.
Operations: The company generates revenue primarily from its online food delivery platform in Saudi Arabia.
Insider Ownership: 10.5%
Jahez International Company for Information Systems Technology's earnings are forecast to grow significantly at 29.6% annually, surpassing the SA market. Revenue is expected to increase by 17% per year, also outpacing market growth. The stock trades at a slight discount to its estimated fair value and has shown substantial profit growth of 53.9% over the past year. Recent board changes include reconstituting the investment committee, reflecting ongoing strategic adjustments within the company.
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 BME:PHM OB:NORBT and SASE:9526.
