Stockholders' Equity

6 Months Ended

Jul. 31, 2021

Equity [Abstract]

Stockholders' Equity

Note 6: Stockholders’ Equity

The Company has a stock-based compensation plan, the 2015 Equity Incentive Plan, pursuant to which it has granted incentive and nonstatutory stock options and restricted stock units. Additionally, the Company's 2015 Employee Stock Purchase Plan (“ESPP”) allows eligible employees to purchase shares of common stock at a discounted price through payroll deductions.

Stock Options. Stock option activity for the six months ended July 31, 2021 was as follows:

				Weighted Average		Aggregate
	Shares			Exercise Price		Intrinsic Value
	(in thousands)			Per Share		(in thousands)
Balance as of January 31, 2021		1,366		$	7.95	$	7,803
Granted		120		$	16.28
Exercised		(59	)	$	3.90
Canceled		(2	)	$	10.52
Balance as of July 31, 2021		1,425		$	8.80	$	13,889
Vested and exercisable as of July 31, 2021		1,172		$	7.71	$	12,707

The aggregate intrinsic value of vested options exercised during the six months ended July 31, 2021 and 2020 was $0.8 million and $0.9 million, respectively. The weighted average grant date fair value of options granted during the six months ended July 31, 2021 and 2020 was $7.89 and $4.72 per share, respectively.

Restricted Stock Units.  RSU activity for the six months ended July 31, 2021 was as follows:

	Shares (in thousands)			Weighted Average Grant-Date Fair Value Per Share
Balance as of January 31, 2021		1,441		$	12.54
Granted		807		$	16.46
Vested		(457	)	$	12.88
Canceled		(45	)	$	12.24
Balance as of July 31, 2021		1,746		$	14.27

Employee Stock Purchase Plan.  During each of the six months ended July 31, 2021 and 2020, employees purchased 0.1 million shares at a weighted-average purchase price of $10.07 and $9.98 per share, respectively.