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