Stockholders' Equity

6 Months Ended

Jul. 31, 2020

Note 6: Stockholders’ Equity

The Company has a stock-based compensation plan pursuant to which it has granted stock options and RSUs. The Company also maintains its 2015 Employee Stock Purchase Plan (the “ESPP”) for all eligible employees.

Stock Options. Stock option activity for the six months ended July 31, 2020 was as follows:

				Weighted Average		Aggregate
	Shares			Exercise Price		Intrinsic Value
	(in thousands)			Per Share		(in thousands)
Balance as of January 31, 2020		1,416		$	7.35	$	8,530
Granted		133		$	10.61
Exercised		(121	)	$	5.82
Canceled		(9	)	$	3.19
Balance as of July 31, 2020		1,419		$	7.81	$	10,430
Vested and exercisable as of July 31, 2020		1,182		$	6.99	$	9,644

The aggregate intrinsic value of vested options exercised during the six months ended July 31, 2020 and 2019 was $0.9 million and $1.8 million, respectively. The weighted average grant date fair value of options granted during the six months ended July 31, 2020 and 2019 was $4.72 and $7.13 per share, respectively.

Restricted Stock Units. RSU activity for the six months ended July 31, 2020 was as follows:

	Shares (in thousands)			Weighted Average Grant-Date Fair Value Per Share
Balance as of January 31, 2020		1,657		$	12.82
Granted		726		$	10.87
Vested		(491	)	$	11.52
Canceled		(45	)	$	13.12
Balance as of July 31, 2020		1,847		$	12.40

Employee Stock Purchase Plan. During each of the six months ended July 31, 2020 and 2019, employees purchased 0.1 million shares at a weighted purchase price of $9.98 and $9.86 per share, respectively.