Top US Growth Companies With High Insider Ownership August 2024

As of August 2024, the U.S. stock market has seen mixed performance with the S&P 500 and Nasdaq Composite experiencing declines, while the Dow Jones Industrial Average reached a record high. Despite these fluctuations, investor sentiment remains optimistic due to expectations of a Federal Reserve interest rate cut. In this environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business and potential for robust long-term performance.

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%
PDD Holdings (NasdaqGS:PDD)	32.1%	20.9%
GigaCloud Technology (NasdaqGM:GCT)	25.7%	24.3%
Atlas Energy Solutions (NYSE:AESI)	29.1%	42.7%
Victory Capital Holdings (NasdaqGS:VCTR)	12%	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)	14.3%	60.9%
BBB Foods (NYSE:TBBB)	22.9%	66.5%
EHang Holdings (NasdaqGM:EH)	32.8%	77%

Click here to see the full list of 177 stocks from our Fast Growing US Companies With High Insider Ownership screener.

Let's explore several standout options from the results in the screener.

EHang Holdings

Simply Wall St Growth Rating: ★★★★★★

Overview: EHang Holdings Limited is an autonomous aerial vehicle (AAV) technology platform company operating in China, East Asia, West Asia, Europe, and internationally with a market cap of approximately $968.27 million.

Operations: The company's revenue from the Aerospace & Defense segment is CN¥248.97 million.

Insider Ownership: 32.8%

Return On Equity Forecast: 49% (2027 estimate)

EHang Holdings, a pioneer in autonomous aerial vehicle technology, has shown substantial revenue growth, with recent quarterly sales reaching CNY 102.02 million from CNY 10.01 million a year ago. Insider ownership remains high, aligning management's interests with shareholders'. The company is expanding its market presence through strategic partnerships and significant orders for its EH216-S eVTOL aircraft. Despite current losses, EHang is expected to become profitable within three years and maintain robust revenue growth above market averages.

• Take a closer look at EHang Holdings' potential here in our earnings growth report.

• Our valuation report here indicates EHang Holdings may be overvalued.

NasdaqGM:EH Ownership Breakdown as at Aug 2024

Coastal Financial

Simply Wall St Growth Rating: ★★★★★☆

Overview: Coastal Financial Corporation, with a market cap of $713.86 million, operates as the bank holding company for Coastal Community Bank, offering various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington.

Operations: Coastal Financial Corporation generates revenue primarily from its CCBX segment ($184.17 million), Community Bank services ($76.75 million), and Treasury & Administration activities ($10.76 million).

Insider Ownership: 18.7%

Return On Equity Forecast: N/A (2027 estimate)

Coastal Financial Corporation, with significant insider ownership, is poised for strong growth. Earnings are forecast to grow 52.44% annually, outpacing the US market's 15.2%, and revenue is expected to increase by 59.4% per year. Despite recent net charge-offs of US$53.2 million and a slight decline in quarterly net income to US$11.6 million, the company remains undervalued at 59.5% below its estimated fair value and has been added to multiple Russell indexes, enhancing its visibility among investors.

• Get an in-depth perspective on Coastal Financial's performance by reading our analyst estimates report here.

• In light of our recent valuation report, it seems possible that Coastal Financial is trading behind its estimated value.

NasdaqGS:CCB Ownership Breakdown as at Aug 2024

Peapack-Gladstone Financial

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Peapack-Gladstone Financial Corporation, with a market cap of $493.46 million, operates as the bank holding company for Peapack-Gladstone Bank, offering private banking and wealth management services in the United States.

Operations: The company's revenue segments include $142.34 million from Banking and $62.05 million from Peapack Private.

Insider Ownership: 10.6%

Return On Equity Forecast: N/A (2027 estimate)

Peapack-Gladstone Financial, with substantial insider ownership, is positioned for growth. Earnings are forecast to grow 20.53% annually, surpassing the US market's 15.2%, while revenue is expected to increase by 15.7% per year. Despite a drop in net income and profit margins compared to last year, recent executive changes and strategic buybacks underscore confidence in future performance. The stock trades at 68.2% below its estimated fair value, indicating potential undervaluation.

• Click here and access our complete growth analysis report to understand the dynamics of Peapack-Gladstone Financial.

• Our expertly prepared valuation report Peapack-Gladstone Financial implies its share price may be lower than expected.

NasdaqGS:PGC Ownership Breakdown as at Aug 2024

Turning Ideas Into Actions

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Looking For Alternative Opportunities?

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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 NasdaqGM:EH NasdaqGS:CCB and NasdaqGS:PGC.

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