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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Total Stock-Based Compensation Recognized for Stock-Based Awards in Consolidated Statements of Operations

Total stock-based compensation recognized for stock-based awards in the consolidated statements of operations was as follows (in thousands):

 

 

 

 

Fiscal Year Ended January 31,

 

 

 

 

2022

 

 

2021

 

 

2020

 

Cost of revenue

 

 

$

979

 

 

$

1,015

 

 

$

1,262

 

Sales and marketing

 

 

 

1,856

 

 

 

1,910

 

 

 

1,929

 

Research and development

 

 

 

4,216

 

 

 

4,267

 

 

 

4,610

 

General and administrative

 

 

 

5,631

 

 

 

5,083

 

 

 

4,960

 

Total stock-based compensation expense

 

 

$

12,682

 

 

$

12,275

 

 

$

12,761

 

 

Summary of Assumptions Used to Estimate Fair Value of Employee Stock Options Grants and Employee Stock Purchase Plan Using Black-Scholes Option Pricing Model

The fair value of employee stock options and ESPP was estimated using the Black–Scholes model with the following assumptions:

 

 

 

 

Fiscal Year Ended January 31,

 

 

 

 

2022

 

 

2021

 

 

2020

 

Stock Options:

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

51%

 

 

47%

 

 

44%

 

Expected term (in years)

 

 

6.1

 

 

6.1

 

 

6.1

 

Risk-free interest rate

 

 

0.9%

 

 

0.6%

 

 

2.5%

 

Dividend yield

 

 

NA

 

 

NA

 

 

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended January 31,

 

 

 

 

2022

 

 

2021

 

 

2020

 

ESPP:

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

41%-58%

 

 

46%-83%

 

 

40%-51%

 

Expected term (in years)

 

 

0.5-2.0

 

 

0.5-2.0

 

 

0.5-2.0

 

Risk-free interest rate

 

 

0.1%-0.2%

 

 

0.1%-0.4%

 

 

1.7%-2.5%

 

Dividend yield

 

 

NA

 

 

NA

 

 

NA