TSX Growth Stocks: High Insider Ownership & 3 Picks

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Post on Oct 21, 2024

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TSX Growth Stocks: High Insider Ownership & 3 Picks

Looking for TSX growth stocks with big potential? It's tough to find winners in the stock market, but one thing that can give you an edge is high insider ownership.

When company insiders are buying their own stock, it's often a sign they believe in the company's future. This can be a strong signal that the stock is undervalued and has the potential to grow.

But, finding high insider ownership isn't enough. You also need to make sure the company is actually growing and has a solid track record.

Here are three TSX growth stocks with high insider ownership that I think are worth a closer look:

1. Shopify (SHOP)

Shopify is a Canadian e-commerce giant that helps businesses create and manage online stores. The company has been on a tear in recent years, as more and more businesses have moved online.

Shopify's insider ownership is pretty high, and the company is constantly innovating and expanding its offerings. While the stock has been through some rough times recently, its long-term potential is huge.

2. Docebo (DCBO)

Docebo is another Canadian tech company that's making a splash. Docebo provides a learning management system (LMS) that helps businesses train their employees.

Docebo is growing quickly, and its insider ownership is significant. If you're looking for a growth stock in the education technology sector, Docebo is definitely one to watch.

3. Lightspeed Commerce (LSPD)

Lightspeed is a Canadian point-of-sale (POS) provider that helps businesses manage their sales and inventory. Lightspeed has been growing rapidly, and its insider ownership is strong.

Lightspeed's stock has been volatile lately, but the company's long-term potential is still huge. The shift towards digital commerce is creating huge opportunities for Lightspeed, and the company is well-positioned to capitalize on them.

Remember, insider ownership is just one factor to consider when investing in stocks. You should always do your own research before making any investment decisions.

But, if you're looking for growth stocks with potential, these three TSX companies are worth keeping an eye on.