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Employee Incentive Plans (Tables)
6 Months Ended
Jul. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-based Compensation Expense by Statement of Operations Location
Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s condensed consolidated statements of operations (in thousands):  
 
Three Months Ended July 31,
 
Six Months Ended July 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited)
 
 
 
 
Cost of revenue
 
 
 
 
 
 
 
Subscription
$
1,901

 
$
1,056

 
$
3,430

 
$
1,742

Professional services and other
1,083

 
738

 
1,972

 
1,207

Research and development
5,272

 
4,438

 
9,485

 
7,739

Sales and marketing
5,471

 
3,021

 
9,624

 
5,396

General and administrative
4,495

 
2,725

 
7,846

 
4,800

Total
$
18,222

 
$
11,978

 
$
32,357

 
$
20,884

 
 
 
 
 
 
 
 
Schedule of Shares of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance are as follows:
 
As of
 
July 31, 2018
 
(unaudited)
Stock options and unvested RSUs outstanding
25,789,276

Available for future stock option and RSU grants
12,464,154

Available for ESPP
3,035,697

 
41,289,127

 
 
Schedule of Stock Option Activity
A summary of the Company’s stock option activity and related information is as follows:  
 
Number of
Options 
 
Weighted-
Average
Exercise
Price 
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of January 31, 2018
24,917,045

 
$
7.37

 
7.6
 
$
550,173

Granted
684,500

 
39.21

 
 
 
 
Exercised
(4,025,395
)
 
5.23

 
 
 
 
Canceled
(677,660
)
 
8.41

 
 
 
 
Outstanding as of July 31, 2018 (unaudited)
20,898,490

 
$
8.79

 
7.4
 
$
853,892

As of July 31, 2018
 
 
 
 
 
 
 
Vested and exercisable (unaudited)
9,797,292

 
$
6.35

 
6.8
 
$
424,203

Schedule of Black-Scholes Option Pricing Model Estimated Fair Value Assumptions
The Company used the Black-Scholes option pricing model to estimate the fair value of stock options granted with the following assumptions:
 
Three Months Ended July 31,
 
Six Months Ended July 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited) 
Expected volatility
 
 
40%
 
40% - 41%
Expected term (in years)
 
 
6.25
 
6.0 - 6.4
Risk-free interest rate
 
 
2.70%
 
2.06% - 2.21%
Expected dividend yield
 
 
 
The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions:
 
Three Months Ended July 31,
 
Six Months Ended July 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited) 
Expected volatility
39% - 40%
 
32% - 34%
 
39% - 40%
 
32% - 37%
Expected term (in years)
0.5 - 1.0
 
0.5 - 1.0
 
0.5 - 1.0
 
0.5 - 1.2
Risk-free interest rate
2.12% - 2.34%
 
1.12% - 1.22%
 
2.12% - 2.34%
 
0.95% - 1.22%
Expected dividend yield
 
 
 
Schedule of Nonvested Restricted Stock Units Activity
A summary of the Company’s RSU activity and related information is as follows:  
 
Number of
RSUs
 
Weighted-
Average
Grant Date Fair Value Per Share
 
 
 
 
Outstanding as of January 31, 2018
2,862,929

 
$
24.38

Granted
2,752,588

 
50.67

Vested
(542,969
)
 
22.71

Forfeited
(181,762
)
 
29.39

Outstanding as of July 31, 2018 (unaudited)
4,890,786

 
$
39.17