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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based compensation expense Stock-based compensation expense included in the consolidated statements of operations and comprehensive loss was as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
2018
 
2017
 
2018
 
2017
Cost of revenue
$
692

 
$
63

 
$
883

 
$
167

Sales and marketing
2,707

 
409

 
3,984

 
1,037

Research and development
2,427

 
510

 
3,594

 
1,356

General and administrative
2,957

 
1,046

 
5,745

 
2,943

Total stock-based compensation expense
$
8,783

 
$
2,028

 
$
14,206

 
$
5,503

Stock option activity A summary of our stock option activity is presented below:
(in thousands, except for per share data and years)
Number
of Shares
 
Weighted
Average
Exercise Price
 
Weighted-Average Remaining Contractual Term (in years)
 

Aggregate Intrinsic Value
Outstanding at December 31, 2017
14,573
 
$
4.38

 
8.2
 
$
77,020

Granted
6,108
 
15.17

 

 


Exercised
(654)
 
2.16

 

 


Forfeited/canceled
(640)
 
6.81

 

 


Outstanding at September 30, 2018
19,387
 
7.77

 
8.2
 
603,127

Exercisable at September 30, 2018
5,855
 
3.55

 
6.7
 
206,850

Stock option valuation assumptions The fair value of each stock option was estimated on the grant date based on the following assumptions:
 
Nine Months Ended September 30, 2018
Expected term (in years)
6.3
Expected volatility
41.3% — 43.3%
Risk-free interest rate
2.7% — 2.9%
Expected dividend yield
Summary of restricted stock and restricted stock units A summary of our restricted stock and restricted stock units activity is presented below:
 
Restricted Stock
 
Restricted Stock Units
(in thousands, except for per share data and years)
Number
of Shares
 
Weighted
Average
Grant Date Fair Value
 
Number
of Shares
 
Weighted
Average
Grant Date Fair Value
Unvested balance at December 31, 2017
1,583

 
$
4.25

 

 
$

Granted

 

 
1,097

 
17.82

Vested
(594)

 
4.25

 

 

Forfeited

 

 
(47)

 
16.22

Unvested balance at September 30, 2018
989

 
4.25

 
1,050

 
17.89