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Stockholders' Equity (Tables)
3 Months Ended
Apr. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the three months ended April 30, 2020 is as follows: 
 
Number
of shares
 
Weighted
average
exercise
price
 
Weighted
average
remaining
contractual
term (in years)
 
Aggregate
intrinsic
value
Options outstanding at January 31, 2020
13,448,026

 
$
40.64

 
5.4
 
$
1,426,502,005

Options granted
1,264,192

 
172.55

 
 
 
 
Options exercised
(645,515
)
 
15.92

 
 
 
 
Options forfeited/cancelled
(44,252
)
 
84.44

 
 
 
 
Options outstanding at April 30, 2020
14,022,451

 
$
53.40

 
5.6
 
$
1,926,725,769

Options vested and exercisable at April 30, 2020
6,759,113

 
$
11.99

 
3.3
 
$
1,208,620,921

Options vested and exercisable at April 30, 2020 and
expected to vest thereafter
14,022,451

 
$
53.40

 
5.6
 
$
1,926,725,769

 
 
 
 
 
 
 
 
Summary of Restricted Stock Unit (RSU) Activity
A summary of restricted stock unit (RSU) activity for the three months ended April 30, 2020 is as follows:
 
Unreleased restricted
stock units
 
Weighted 
average grant
date fair value
Balance at January 31, 2020
1,818,622

 
$
95.23

RSUs granted
373,055

 
171.58

RSUs vested
(289,471
)
 
75.03

RSUs forfeited/cancelled
(29,608
)
 
74.92

Balance at April 30, 2020
1,872,598

 
$
113.90

 
 
 
 

Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted
The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented:
 
Three months ended
April 30,
 
2020
 
2019
Volatility
39% - 41%
 
41%
Expected term (in years)
6.25 - 7.25
 
5.75 - 6.35
Risk-free interest rate
0.51% - 1.43%
 
2.36% - 2.52%
Dividend yield
—%
 
—%