Top TSX Growth Companies: Insider Ownership October 2024

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Post on Oct 21, 2024

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Top TSX Growth Companies: Insider Ownership October 2024

Want to know what the bigwigs are buying? It's no secret that insider trading can be a pretty good indicator of a company's potential for growth. When executives are putting their own money where their mouth is, it's a pretty strong signal that they think the company is headed for great things.

So, who are the big players on the TSX right now? We've crunched the numbers and dug into the latest insider ownership data for October 2024.

Top TSX Growth Companies by Insider Ownership:

1. Lightspeed Commerce (LSPD): This Canadian e-commerce darling has been a hot stock for a while, and insider ownership is definitely backing it up. With a whopping 20% of the company held by insiders, it's clear that the folks at the top are bullish on LSPD's future.

2. Shopify (SHOP): Another Canadian tech powerhouse, Shopify continues to dominate the e-commerce space. Insider ownership currently sits at 15%, which shows that the company's leadership is confident in its long-term growth.

3. Nuvei (NVEI): This fintech company is making waves in the payments industry, and insiders are clearly on board. With 13% insider ownership, Nuvei is a clear contender for continued growth.

4. Docebo (DCBO): A rising star in the learning management system (LMS) market, Docebo has been making serious strides. Insider ownership stands at 12%, suggesting that they're betting on the company's continued momentum.

5. goeasy Ltd. (GSY): A bit of a surprise, this non-bank lender is seeing a surge in insider ownership. With 11% of the company held by insiders, goeasy seems to be attracting attention from those in the know.

What Does Insider Ownership REALLY Mean?

Now, don't go running to your broker just yet. Insider ownership is just one piece of the puzzle. It's important to do your own research and consider a company's overall financial performance, industry trends, and competition.

But, if you're looking for a starting point, insider ownership can be a good place to begin. After all, if the people who know the company best are putting their money in, it's worth taking a closer look!

Disclaimer: This is not investment advice. Always consult with a financial advisor before making any investment decisions.