Salesforce Insider Sells $1.2M Worth of Shares at Average Price of $261

Salesforce insider transactions have raised some concerns for investors.

Craig Conway, an independent director at Salesforce (NYSE:CRM), recently sold a significant amount of shares worth approximately US$1.2 million at an average price of US$261 per share.

This sale decreased Conway's holding size by 45%, which is notable but not overly alarming.

While insider selling can be a red flag, this particular sale took place around the current market price, which is currently at US$249 per share. This suggests that Conway may have sold his shares at a relatively opportune time.

Looking back at the last 12 months, insiders have purchased 7,080 shares for approximately US$1.5 million and divested 8,390 shares worth around US$2.1 million.