Salesforce Insider Sells $1.2 Million Worth of Shares

Salesforce shareholders may be concerned about the recent sale of shares by Independent Director Craig Conway. He sold around $1.2 million worth of shares at an average price of $261, which decreased his holding size by 45%. This is a significant disposal, but it's not too alarming as he sold at the current market price.

According to our records, this was the largest sale of Salesforce shares made by an insider individual in the last twelve months. While insider selling is generally not a good sign, it's more concerning if sales take place at a lower price. In this case, Conway sold at around $249, which isn't significantly lower than the current market price.

Over the last year, insiders have purchased 7.08k shares for $1.5 million and divested 8.39k shares for $2.1 million. The average sell price was around $250. It's worth noting that insiders were selling shares at below recent prices, but we wouldn't put too much weight on this.

Salesforce makes money and is growing profits, which is a positive sign. However, our analysis of insider transactions doesn't make us feel confident about the company. Insiders own 3.0% of the company, worth around $6.3 billion, which increases the chances that management are thinking about the best interests of shareholders.