Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 9 Months Ended
Oct. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value on a recurring basis as of October 31, 2021, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):
Level 1 Level 2 Level 3 Total
Financial Assets:
Cash Equivalents:
Money market funds $ 483,130  $ —  $ —  $ 483,130 
Marketable Securities:
Corporate bonds —  5,112  —  5,112 
U.S. government and agency securities —  13,999  —  13,999 
Total financial assets $ 483,130  $ 19,111  $ —  $ 502,241 
The following table represents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis as of January 31, 2021 (in thousands):
Level 1 Level 2 Level 3 Total
Financial Assets:
Cash Equivalents:
Money market funds $ 37,451  $ —  $ —  $ 37,451 
Marketable Securities:
Corporate bonds —  26,892  —  26,892 
U.S. government and agency securities —  125,824  —  125,824 
Commercial paper —  59,936  —  59,936 
Total financial assets $ 37,451  $ 212,652  $ —  $ 250,103