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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of June 30, 2021 (in thousands):

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

268,666

 

 

$

268,666

 

 

$

—

 

 

$

—

 

Corporate debt securities

 

 

12,152

 

 

 

—

 

 

 

12,152

 

 

 

—

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

202,496

 

 

 

—

 

 

 

202,496

 

 

 

—

 

U.S. government debt securities

 

 

10,041

 

 

 

—

 

 

 

10,041

 

 

 

—

 

U.S. Treasury securities

 

 

4,998

 

 

 

—

 

 

 

4,998

 

 

 

—

 

Total cash equivalents and marketable securities

 

$

498,353

 

 

$

268,666

 

 

$

229,687

 

 

$

—