Top TSX Growth Stocks: High Insider Ownership

Chartdata

You need 3 min read

·

Post on Oct 21, 2024

45 visitor like this post

Share

Betting on the Big Boys: Top TSX Growth Stocks with High Insider Ownership

Let's face it, we all want a piece of the action when it comes to growth stocks. Those TSX companies that are 🚀 rocketing upwards and making some serious cash. But how do you separate the wheat from the chaff, and find the real diamonds in the rough? One way is to pay attention to the folks who really know the company inside and out: the insiders!

Insider ownership is like a sneaky little peek behind the curtain. It's about seeing how much stock the company's executives and board members own themselves. When insiders are betting big on their own company, it's a good sign they believe in the future and are confident in its growth potential. It's like a vote of confidence that whispers "Hey, invest with us, we're in this for the long haul!"

Top TSX Growth Stocks with High Insider Ownership

Here are a few TSX growth stocks that caught our eye with their impressive insider ownership:

• Shopify (SHOP): This e-commerce platform is a household name, and it's not hard to see why. Shopify's insiders own a whopping 17% of the company's stock, which speaks volumes about their faith in its continued success.
• Lightspeed Commerce (LSPD): This cloud-based point-of-sale company is taking the retail world by storm, and its insider ownership reflects that. Insiders hold over 13% of the stock, showing their commitment to the company's future.
• Docebo (DCBO): This learning management platform has been gaining momentum, and its insider ownership reflects that. Insiders own over 15% of the company's stock, suggesting they're bullish on its potential.
• goeasy Ltd. (GSY): This non-prime lending company has shown strong growth in recent years, and its insider ownership is impressive. Insiders own over 10% of the company's stock, signaling their belief in its continued success.

Why Insider Ownership Matters

Okay, so we've got a few names on our list, but why does insider ownership matter so much?

Think of it like this:

• Alignment of Interests: When insiders own a significant chunk of the company, their interests are aligned with yours, the shareholder. They want the company to thrive just as much as you do.
• Skin in the Game: Insiders are putting their own money on the line, which shows a strong commitment to the company's success.
• Information Advantage: Insiders have access to inside information about the company's prospects. If they're buying more stock, it suggests they're optimistic about the future.

Disclaimer: Of course, insider ownership isn't a guaranteed path to riches. There are always risks involved in investing, and past performance is not indicative of future results. However, high insider ownership can be a valuable signal that a company is worth taking a closer look at.

The Takeaway

If you're looking for growth stocks on the TSX with strong potential, consider taking a look at companies with high insider ownership. They might just hold the key to your next winning investment. Remember, do your own research before investing, and never put more money at risk than you can afford to lose.