v3.21.1
Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of assumptions used to estimate fair value on date of grant
The fair value of each option was estimated on the date of grant using the following assumptions during the period:
Three Months Ended
April 30, 2021
Expected term (in years)
3.8 - 5.6
Risk-free interest rate
0.6 - 1.0%
Expected stock price volatility
36.1 - 37.1%
Dividend yield— %
Three Months Ended
April 30, 2021
Expected term (in years)
0.5 - 2.0
Risk-free interest rate
0.1 - 2.0%
Expected stock price volatility
30.1 - 54.3%
Dividend yield— %
Schedule of stock option activity
The following table is a summary of stock option activity for the three months ended April 30, 2021:
Number of
Shares		Weighted-Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20216,646 $8.24 
Granted93 $3.19 
Exercised(769)$4.88 
Canceled(58)$11.48 
Options outstanding at April 30, 20215,912 $8.57 
Options vested and expected to vest at April 30, 20215,912 $8.57 
Options exercisable at April 30, 20213,232 $5.59 
Schedule of restricted stock units
The following table is a summary of RSU and PSU activities for the three months ended April 30, 2021:
Number of
Shares		Weighted-
Average Grant
Date Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 20218,449 $59.27 
Granted976 $199.35 
Vested(1,193)$53.21 
Performance adjustment (1)
153 $58.15 
Forfeited(111)$81.63 
RSUs and PSUs outstanding at April 30, 2021
8,274 $76.34 
RSUs and PSUs expected to vest at April 30, 20218,274 $76.34 
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(1)Performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance based awards, the achievement of which was based upon predefined financial performance targets.
Schedule of stock-based compensation expense
Stock-based compensation expense included in the condensed consolidated statements of operations is as follows:
Three Months Ended April 30,
20212020
(in thousands)
Subscription cost of revenue$4,285 $1,995 
Professional services cost of revenue2,028 971 
Sales and marketing17,414 8,687 
Research and development17,801 4,900 
General and administrative12,834 7,085 
Total stock-based compensation expense$54,362 $23,638