v3.21.1
Fair Value Measurements and Marketable Securities (Tables)
 3 Months Ended
Apr. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of company's fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis
The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows:
April 30, 2021January 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(in thousands)(in thousands)
Assets
Cash equivalents (1)
Money market funds$429,502 $— $— $429,502 $— $— $— $— 
Total assets$429,502 $— $— $429,502 $— $— $— $— 
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(1)Included in “Cash and cash equivalents” on the condensed consolidated balance sheets.
Summary of changes in strategic investments
The following summarizes the changes in strategic investments:
April 30,January 31,
20212021
(in thousands)
Total initial cost$3,809 $2,500 
Unrealized gain due to changes in fair value4,356 — 
Carrying value$8,165 $2,500