TSX Growth Stocks: Insider Ownership & Top 3 Picks

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Post on Oct 21, 2024

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TSX Growth Stocks: Insider Ownership & Top 3 Picks

So you're looking to grow your portfolio and you're thinking about TSX growth stocks, huh? That's smart! These companies are the engines driving our economy forward. But before you dive in headfirst, there's one thing you should absolutely check: insider ownership.

Insider ownership is when a company's own employees, executives, and directors own shares in the company. Why is this important? It's a huge signal of confidence. When insiders are putting their money where their mouth is, it shows they believe in the company's future. It's like a big thumbs-up from the people who know the business best.

How to Find Insider Ownership

Finding insider ownership is pretty easy these days. Most financial websites like Yahoo Finance, Google Finance, and Bloomberg will show you the insider ownership percentage for any publicly traded company.

Why It Matters

Now, you might be wondering why this matters. Why should you care about insider ownership? Here's the deal: When insiders own a significant portion of a company, they have a strong incentive to make sure the business is successful. It's their own money on the line!

Top 3 TSX Growth Stocks with High Insider Ownership

Okay, let's get down to the nitty-gritty. Here are three TSX growth stocks with high insider ownership that I think are worth checking out:

1. Lightspeed POS (LSPD): This company provides point-of-sale systems for small and medium-sized businesses. It's been killing it in the e-commerce space and insiders have a lot of skin in the game.

2. Shopify (SHOP): Another big player in the e-commerce space. Shopify's platform is used by millions of businesses around the world and insiders are heavily invested in its success.

3. Docebo (DCBO): Docebo's cloud-based learning platform is helping businesses train their employees more effectively. With strong growth potential and significant insider ownership, this company could be a real winner.

A Word of Caution

Remember, insider ownership isn't the only thing to consider when investing. It's just one piece of the puzzle. Make sure to do your own research and look at the whole picture before making any investment decisions.

Invest wisely!