Stock-Based Compensation (Tables)

9 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement [Abstract]

A summary of the Company’s stock option activity for the nine months ended October 31, 2023 is as follows:


	Number of stock options	Weighted average exercise price		Weighted average remaining contractual life
	(in thousands)			(in years)
Outstanding as of January 31, 2023	33,049	$	6.11	6.6
Granted	1,512	12.85
Exercised	(5,505)	5.86
Cancelled/forfeited(1)	(3,602)	5.81
Expired	(5)	0.25
Outstanding as of October 31, 2023	25,449	$	6.61	5.9
Exercisable as of October 31, 2023	20,864	$	5.69	5.4
Vested and expected to vest as of October 31, 2023	24,844	$	6.52	5.8

(1) 2,318,632 options tied to market conditions were cancelled during the second quarter as the applicable market conditions were not met by May 1, 2023.

Schedule of RSU Award Activity

A summary of the Company’s RSU activity for the nine months ended October 31, 2023 is as follows:


	Number of restricted shares	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2023	9,400	$	12.23
Granted	6,056	13.02
Released	(2,800)	12.63
Cancelled/forfeited	(2,152)	12.44
Outstanding as of October 31, 2023	10,504	$	12.54

Schedule of Stock-based Compensation Expense

Stock-based compensation expense included in operating results was allocated as follows:


	Three Months Ended October 31,				Nine Months Ended October 31,
(in thousands)	2023		2022		2023		2022
Costs of subscription	$	268	$	282	$	858	$	1,079
Costs of professional services	331		368		1,139		1,770
Research and development	2,128		2,204		9,092		7,700
Sales and marketing	6,132		5,071		18,398		18,736
General and administrative	5,071		3,284		12,618		10,635
Stock-based compensation, net of amounts capitalized	13,930		11,209		42,105		39,920
Capitalized stock-based compensation	412		1,023		1,956		1,898
Total stock-based compensation	$	14,342	$	12,232	$	44,061	$	41,818