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3 ASX Growth Stocks With Insider Ownership Up To 15%

The ASX200 is set to trade three quarters of a percent lower, following a volatile night for US stocks which are awaiting the release of quarterly earning results for Nvidia. Australian investors will also be looking ahead to the release of CPI data for July later today, as well as retail sales figures on Friday. In this fluctuating market environment, identifying growth companies with high insider ownership can provide valuable insights into potential investment opportunities. Here are three ASX growth stocks where insiders hold up to 15% ownership.

Top 10 Growth Companies With High Insider Ownership In Australia

Name

Insider Ownership

Earnings Growth

Hartshead Resources (ASX:HHR)

13.9%

102.6%

Cettire (ASX:CTT)

28.7%

26.7%

Acrux (ASX:ACR)

14.6%

115.6%

Clinuvel Pharmaceuticals (ASX:CUV)

13.6%

28.1%

Liontown Resources (ASX:LTR)

16.4%

69.7%

Catalyst Metals (ASX:CYL)

17.5%

75.7%

Hillgrove Resources (ASX:HGO)

10.4%

49.4%

Adveritas (ASX:AV1)

21.1%

103.9%

Plenti Group (ASX:PLT)

12.8%

106.4%

Change Financial (ASX:CCA)

26.6%

77.9%

Click here to see the full list of 92 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Mineral Resources

Simply Wall St Growth Rating: ★★★★★☆

Overview: Mineral Resources Limited, with a market cap of A$8.83 billion, operates as a mining services company in Australia, Asia, and internationally through its various subsidiaries.

Operations: The company's revenue segments include A$1.60 billion from Lithium, A$2.50 billion from Iron Ore, and A$2.82 billion from Mining Services.

Insider Ownership: 11.6%

Mineral Resources Limited demonstrates significant growth potential with earnings expected to increase by 24% annually over the next three years, outpacing the broader Australian market's 13.7%. Despite a drop in profit margins from 16.3% to 7.9%, it trades at a substantial discount—65.1% below its estimated fair value. Revenue growth is forecasted at 10.7% annually, higher than the market average of 5.4%. High insider ownership aligns management interests with shareholders, enhancing confidence in long-term prospects.

ASX:MIN Earnings and Revenue Growth as at Aug 2024
ASX:MIN Earnings and Revenue Growth as at Aug 2024

Nanosonics

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nanosonics Limited (ASX:NAN) is an infection prevention company operating in Australia and internationally with a market cap of A$818.09 million.

Operations: Nanosonics generates revenue of A$164.07 million from its healthcare equipment segment.

Insider Ownership: 15.1%

Nanosonics Limited, a growth company with high insider ownership, reported A$170.01 million in sales for FY2024, up slightly from A$165.99 million last year. However, net income declined to A$12.97 million from A$19.88 million. Despite recent significant insider selling, more shares were bought than sold over the past three months. Earnings are forecasted to grow 20.87% annually over the next three years, outpacing the Australian market's 13.7%, though revenue growth is slower at 9.5% per year.

ASX:NAN Earnings and Revenue Growth as at Aug 2024
ASX:NAN Earnings and Revenue Growth as at Aug 2024

SiteMinder

Simply Wall St Growth Rating: ★★★★★☆

Overview: SiteMinder Limited (ASX:SDR) develops, markets, and sells online guest acquisition platforms and commerce solutions for accommodation providers in Australia and internationally, with a market cap of A$1.45 billion.

Operations: The company's revenue segment, Software & Programming, generated A$171.70 million.

Insider Ownership: 11.3%

SiteMinder has seen its revenue grow 14.9% annually over the past five years, with a forecasted growth of 20.3% per year, significantly outpacing the Australian market's average. Recent earnings show sales increased to A$190.67 million from A$151.38 million last year, while net loss narrowed to A$25.13 million from A$49.3 million. The company is expected to become profitable within three years and recently formed a strategic partnership with Cloudbeds, enhancing its platform connectivity and revenue capabilities for hoteliers globally.

ASX:SDR Earnings and Revenue Growth as at Aug 2024
ASX:SDR Earnings and Revenue Growth as at Aug 2024

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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 ASX:MIN ASX:NAN and ASX:SDR.

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