SiteMinder Leads Three ASX Growth Companies With High Insider Ownership

The Australian stock market showed resilience today, with the ASX200 climbing 0.76%, led by strong performances in the Materials and Real Estate sectors. Amidst these broader market movements, companies with high insider ownership can offer unique advantages, as insiders' aligned interests with shareholders might influence company performance positively during varying economic conditions.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Cettire (ASX:CTT)	28.7%	26.7%
Acrux (ASX:ACR)	14.6%	115.3%
Clinuvel Pharmaceuticals (ASX:CUV)	13.6%	26.8%
Develop Global (ASX:DVP)	22.6%	120.1%
Hillgrove Resources (ASX:HGO)	10.4%	109.4%
Catalyst Metals (ASX:CYL)	17.1%	75.7%
Biome Australia (ASX:BIO)	34.5%	114.4%
Liontown Resources (ASX:LTR)	16.4%	49.3%
Plenti Group (ASX:PLT)	12.8%	106.4%
Change Financial (ASX:CCA)	26.6%	76.4%

Click here to see the full list of 89 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

SiteMinder

Simply Wall St Growth Rating: ★★★★★☆

Overview: SiteMinder Limited, operating both in Australia and internationally, develops and markets an online guest acquisition platform and commerce solutions for accommodation providers, with a market capitalization of approximately A$1.50 billion.

Operations: The company generates revenue primarily through its software and programming segment, totaling approximately A$171.70 million.

Insider Ownership: 11.3%

Revenue Growth Forecast: 19.1% p.a.

SiteMinder, a growth-focused company with significant insider ownership, is poised for substantial development. Recently forming a strategic partnership with Cloudbeds, it aims to enhance platform connectivity and revenue capabilities for hoteliers globally. Financially, SiteMinder is trading at 41.3% below its estimated fair value and has demonstrated a robust earnings growth of 14.9% annually over the past five years. Looking ahead, its revenue is expected to outpace the Australian market significantly, with forecasts suggesting strong profitability within three years and a high return on equity projected at 24.5%.

• Unlock comprehensive insights into our analysis of SiteMinder stock in this growth report.

• Our valuation report unveils the possibility SiteMinder's shares may be trading at a premium.

ASX:SDR Earnings and Revenue Growth as at Jul 2024

Technology One

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Technology One Limited is an Australian company that develops, markets, sells, implements, and supports integrated enterprise business software solutions both domestically and internationally, with a market capitalization of approximately A$6.31 billion.

Operations: The company generates revenue primarily through three segments: Software (A$317.24 million), Corporate (A$83.83 million), and Consulting (A$68.13 million).

Insider Ownership: 12.3%

Revenue Growth Forecast: 11.1% p.a.

Technology One, a key player in the Australian software sector with high insider ownership, is positioned for growth. The company's earnings are expected to increase by 14.3% annually, outpacing the broader Australian market's forecast of 13.3%. Despite a price-to-earnings ratio slightly below the industry average at 57.6x, revenue growth projections stand at 11.1% per year—double that of the market rate. The recent appointment of Paul Robson as a Non-Executive Director strengthens its strategic capabilities, underscoring its commitment to innovation and global SaaS expansion.

• Dive into the specifics of Technology One here with our thorough growth forecast report.

• Our expertly prepared valuation report Technology One implies its share price may be too high.

ASX:TNE Ownership Breakdown as at Jul 2024

Temple & Webster Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Temple & Webster Group Ltd operates as an online retailer specializing in furniture, homewares, and home improvement products across Australia, with a market capitalization of approximately A$1.15 billion.

Operations: The company generates its revenue primarily from the online sale of furniture, homewares, and home improvement items, totaling A$442.25 million.

Insider Ownership: 12.9%

Revenue Growth Forecast: 19.3% p.a.

Temple & Webster Group, amidst a robust share repurchase initiative, demonstrates a commitment to shareholder value and capital management. The company's earnings are projected to grow by 35.16% annually, significantly outstripping the Australian market's average. However, its revenue growth at 19.3% per year slightly lags behind the high-growth benchmark of 20%. Despite this, it still exceeds the general market pace substantially. This portrays a mixed but promising growth trajectory with active financial strategies enhancing investor appeal.

• Navigate through the intricacies of Temple & Webster Group with our comprehensive analyst estimates report here.

• Upon reviewing our latest valuation report, Temple & Webster Group's share price might be too optimistic.

ASX:TPW Earnings and Revenue Growth as at Jul 2024

Seize The Opportunity

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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• Find companies with promising cash flow potential yet trading below their fair value.

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:SDR ASX:TNE and ASX:TPW.

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