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Stockholders’ Equity and Employee Incentive Plans (Tables)
6 Months Ended
Jul. 31, 2023
Equity And Compensation Related Costs Share Based Payments [Abstract]  
Schedule of Reserved Common Stock for Future Issuance
As of July 31, 2023, the Company has reserved common stock for future issuance as follows:
Number of Shares
Stock options outstanding6,961,108 
Restricted stock units issued and outstanding6,125,102 
Remaining shares available for issuance under the 2021 Plan2,234,791 
Shares available for issuance under the 2023 Inducement Plan1,079,006 
ESPP1,334,366 
Common stock warrants105,350 
Total17,839,723 
Schedule of Stock Option Activity under Stock Plans
The following table summarizes stock option activity under the Stock Plans for the six months ended July 31, 2023 (aggregate intrinsic value in thousands):
Options OutstandingWeighted-
Average
Contractual
Term
Aggregate
Intrinsic
Value
Number of
Options
Weighted-
Average
Exercise
Price
Balances as of January 31, 2023
7,819,480 $9.78 5.21$51,606 
Options exercised(767,552)$6.06 
Options granted— $— 
Options cancelled(90,820)$19.94 
Balances as of July 31, 2023
6,961,108 $10.06 4.97$55,070 
Options vested and expected to vest as of July 31, 2023
6,961,108 $10.06 4.97$55,070 
Options vested and exercisable as of July 31, 2023
6,110,028 $8.88 4.66$53,060 
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity
The following table is a summary of service-based RSU activity for the six months ended July 31, 2023:
RSUs Outstanding
Number of RSUs Weighted Average Grant Date Fair Value Per Share
Balances as of January 31, 2023
3,442,982 $18.39 
RSUs granted2,628,090 $16.59 
RSUs vested(790,220)$18.34 
RSUs forfeited(277,750)$17.80 
Balances as of July 31, 2023
5,003,102 $17.48 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair value of employee stock purchase rights for the offering period under the 2021 ESPP was determined on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Six Months Ended July 31,
20232022
Employee Stock Purchase Plan:
Expected term (in years)0.81.6
Expected volatility66.9 %49.4 %
Risk-free interest rate4.8 %0.2 %
Dividend yield— — 
Schedule of Stock-Based Compensation Expense
Stock-Based Compensation
Stock-based compensation expense, net of amounts capitalized was as follows (in thousands):
Three Months Ended July 31,Six Months Ended July 31,
2023202220232022
Cost of revenue—subscription$236$141$429$263
Cost of revenue—services149117294211
Research and development3,6142,0876,3823,986
Sales and marketing4,0322,4637,2734,450
General and administrative4,0861,9197,0143,267
Restructuring1
Total stock-based compensation expense$12,117 $6,727 $21,393 $12,177