Salesforce Director Sells Shares Worth $1.2 Million

Salesforce Inc.'s (NYSE:CRM) shareholders may be concerned about the recent sale of shares by independent director Craig Conway, who netted around $1.2 million at an average price of $261.

This significant disposal reduced his holding size by 45%, which is noteworthy but not overly alarming.

In fact, over the last year, insiders have been net buyers of Salesforce shares, with a total value of $2.4 million and an average buy price of $226.

The high level of insider ownership, at around 3% of the company's value, may also be reassuring for investors.