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Employee Incentive Plans (Tables)
9 Months Ended
Oct. 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 October 31,
 
Nine Months Ended October 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited)
 
 
 
 
Cost of revenue
 
 
 
 
 
 
 
Subscription
$
2,383

 
$
1,421

 
$
5,813

 
$
3,163

Professional services and other
1,305

 
979

 
3,277

 
2,186

Research and development
6,291

 
5,174

 
15,776

 
12,913

Sales and marketing
6,228

 
3,894

 
15,852

 
9,290

General and administrative
5,335

 
2,940

 
13,181

 
7,740

Total
$
21,542

 
$
14,408

 
$
53,899

 
$
35,292

 
 
 
 
 
 
 
 
Schedule of Shares of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance are as follows:
 
As of
 
October 31, 2018
 
(unaudited)
Stock options and unvested RSUs outstanding
24,250,317

Available for future stock option and RSU grants
12,651,706

Available for ESPP
3,035,697

 
39,937,720

 
 
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
(5,184,832
)
 
5.51

 
 
 
 
Canceled
(1,102,379
)
 
8.53

 
 
 
 
Outstanding as of October 31, 2018 (unaudited)
19,314,334

 
$
8.93

 
7.2
 
$
954,692

As of October 31, 2018
 
 
 
 
 
 
 
Vested and exercisable (unaudited)
9,897,397

 
$
6.54

 
6.7
 
$
512,889

Schedule of Black-Scholes Option Pricing Model Estimated Fair Value Assumptions
The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions:
 
Three Months Ended October 31,
 
Nine Months Ended October 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited) 
Expected volatility
 
 
39% - 40%
 
32% - 37%
Expected term (in years)
 
 
0.5 -1.0
 
0.5 - 1.2
Risk-free interest rate
 
 
2.12% - 2.34%
 
0.95% - 1.22%
Expected dividend yield
 
 
 
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 October 31,
 
Nine Months Ended October 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
(unaudited) 
Expected volatility
 
41%
 
40%
 
40% - 41%
Expected term (in years)
 
6.3
 
6.3
 
6.3 - 6.4
Risk-free interest rate
 
1.87%
 
2.70%
 
1.87% - 2.21%
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
3,133,189

 
53.27

Vested
(741,253
)
 
23.56

Forfeited
(318,882
)
 
33.28

Outstanding as of October 31, 2018 (unaudited)
4,935,983

 
$
42.27