v3.21.2
Investments and Fair Value Measurements (Tables)
 6 Months Ended
Jul. 31, 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 (in thousands):
July 31, 2021January 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets
Cash equivalents (1)
Money market funds$396,011 $— $— $396,011 $— $— $— $— 
Total assets$396,011 $— $— $396,011 $— $— $— $— 
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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 (in thousands):
July 31,January 31,
20212021
Total initial cost$9,809 $2,500 
Unrealized gains due to changes in fair value4,356 — 
Carrying value$14,165 $2,500