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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Stock option activity for the six months ended July 31, 2024 was as follows:
Number of
Shares
Weighted
Average
Exercise Price
Outstanding, January 31, 20241,212,704 $7.14 
Granted— — 
Expired or forfeited(1,375)12.06 
Exercised(212,711)8.16 
Outstanding, July 31, 2024998,618 $6.92 
Exercisable, July 31, 2024998,618 $6.92 
Fully vested or expected to vest, July 31, 2024998,618 $6.92 
Schedule of Nonvested Restricted Stock Units Activity
RSU activity during the six months ended July 31, 2024 was as follows:
Number of
Shares
Weighted Average
Grant Date Fair
Value
Nonvested, January 31, 20245,626,125 $33.19 
Granted2,558,830 33.73 
Vested(1,396,317)33.58 
Forfeited(426,301)35.97 
Nonvested, July 31, 20246,362,337 $33.19 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair value of ESPP shares during the six months ended July 31, 2023 and 2024 was estimated at the date of grant using the Black-Scholes option valuation model based on assumptions as follows for ESPP awards:
Six Months Ended July 31,
20232024
Expected life (in years)0.500.50
Expected volatility
61.66% - 61.86%
38.70% - 38.91%
Expected dividends0.00%0.00%
Risk-free interest rate
4.77% - 5.53%
5.24% - 5.37%
Schedule of Share-Based Compensation Expense
Total stock-based compensation expense included in our unaudited condensed consolidated statements of operations were as follows:
Three Months Ended July 31,Six Months Ended July 31,
2023202420232024
Cost of subscription revenues$485 $793 $799 $1,355 
Cost of professional services and other revenues2,460 2,980 4,089 5,759 
Sales and marketing3,830 4,184 7,041 8,140 
Research and development4,279 5,286 7,279 9,512 
General and administrative4,227 5,596 6,938 10,278 
Total stock-based compensation expense$15,281 $18,839 $26,146 $35,044