Why Harrow, Allegiant Travel, and AvePoint Are Top Growth Plays Backed by High Insider Ownership

In a market rife with volatility, investors often seek companies where leadership has skin in the game. High insider ownership—a signal of confidence in a firm's prospects—is a rare but powerful indicator of resilience and ambition. Today, three standout stocks—Harrow, Inc. (HROW), Allegiant Travel Company (ALGT), and AvePoint, Inc. (NASDAQ: AVPT)—are positioned to capitalize on explosive growth catalysts, all while boasting insider ownership levels that far exceed industry averages. Let's dissect why these names deserve a place in your portfolio.

Harrow, Inc.: Ophthalmic Innovation Driving Nine-Figure Potential

Insider Ownership: 26.08% (as of Q1 2025), led by CEO Mark L. Baum (7.08%) and Opaleye Management Inc. (10.74%).

Harrow's VEVYE® dry eye treatment is its crown jewel, with Q1 2025 revenue soaring to $21.5 million, a 35% sequential jump, and on track to hit $100 million+ in annual sales by year-end. The VEVYE® Access for All (VAFA) program, launched in March 2025, has quadrupled new prescriptions in just seven weeks, with patients averaging nine refills. This program's success is underpinned by Medicare Part D coverage for 25 million beneficiaries, alongside 60% of commercial insurers—a critical mass for chronic disease treatments.

Growth Catalysts:
- TRIESENCE® Stability: A five-year supply agreement ensures uninterrupted production of this glaucoma treatment, once listed as an FDA shortage drug.
- IHEEZO® Recovery: Surgical product sales doubled in April 2025, with 80,000 incremental units expected annually as new institutional accounts onboard.
- Compounding Synergy: The ImprimisRx compounding business hit record sales in Q1, supported by Project Eagle, which transitions patients from Klarity-C to VEVYE® without sacrificing compounding revenue.

Risks:
- Debt Pressure: $308 million in liabilities, including $6.5 million in Q1 interest expenses, requires refinancing to avoid liquidity strains.
- Margin Headwinds: Gross margins face tariff-related pressures, though operational cash flow hit a record $19.7 million in Q1.

Allegiant Travel: Route Expansion Meets Ancillary Growth

Insider Ownership: 19.7%, with CEO Maurice J. Ferland and other executives holding significant stakes.

Allegiant's Q1 2025 results were a masterclass in profitability: $699 million in revenue, a 95% jump in adjusted airline-only EPS to $2.11, and a 9.3% operating margin—up 3.1 points year-over-year. The company's route expansion and ancillary revenue streams (e.g., $79.28 average ancillary fare) are key growth drivers.

Growth Catalysts:
- Flexible Capacity: Allegiant's ability to adjust capacity by 7.5 points in response to demand volatility positions it to outperform peers in uncertain markets.
- Allways Rewards: With 19 million members, the program drives repeat bookings and loyalty.
- Balance Sheet Strength: $906 million in cash and investments provide a buffer against macroeconomic headwinds.

Risks:
- Guidance Withdrawal: Allegiant withdrew full-year 2025 guidance due to demand uncertainty, though Q2 EPS guidance remains robust at $0.50–$1.50.
- Fuel Costs: While fuel prices fell 14% year-over-year in Q1, further volatility could pressure margins.

AvePoint: Cloud Software Dominance and Buybacks

Insider Ownership: 33%, the highest among the trio, reflecting management's deep commitment to the company's vision.

AvePoint is the unsung hero of the cloud infrastructure boom. Its Q1 2025 revenue surged 24.7% YoY to $93.06 million, with net income improving dramatically. The Elements Platform—a cloud-native data management suite—is expanding its addressable market, while strategic acquisitions and $100 million in share buybacks signal confidence in long-term value.

Growth Catalysts:
- Market Expansion: AvePoint's services now target 70% of the Fortune 500, with demand for hybrid cloud solutions surging.
- Buyback Boost: $100 million allocated to buybacks in 2025, reducing shares outstanding and lifting EPS.
- Acquisition Pipeline: A focus on tuck-in acquisitions will bolster its platform's capabilities.

Risks:
- Competition: Rivals like Snowflake and Microsoft Azure are intensifying cloud market competition.
- Execution: Integrating acquisitions smoothly is critical to maintaining margins.

Why Invest Now? A Data-Driven Case

The high insider ownership at these companies is no accident. Executives are either buying shares or, in Harrow's case, strategically selling to fund growth (e.g., Opaleye's $1.4 million in Q1 sales reflect capital allocation discipline). Meanwhile, their growth forecasts are staggering:

• Harrow: $280 million+ revenue in 2025, with $19.7 million in Q1 operating cash flow.
• Allegiant: 9.3% operating margin and $906 million in cash, enabling it to thrive even in demand dips.
• AvePoint: 23%+ annual revenue growth, with a $3.78 billion market cap.

These firms are not just surviving—they're redefining their industries. For investors willing to embrace volatility, these stocks offer high upside with insider-backed credibility.

Final Call to Action

In a market where uncertainty reigns, look to companies where leadership is all-in. Harrow, Allegiant, and AvePoint combine insider confidence, sector-defining growth, and resilient balance sheets—a trio of attributes that could make them 2025's breakout winners.

Act fast: These stocks are primed to outperform, but as insiders know, the best opportunities don't wait.