Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following table presents 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 these fair values as of March 31, 2022 (in thousands):

	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	40,248	$	40,248	$	—	$	—
Corporate debt securities		5,501		—		5,501		—
Marketable securities:
Corporate debt securities		298,738		—		298,738		—
U.S. government debt securities		51,058		—		51,058		—
U.S. Treasury securities		25,852		—		25,852		—
Total cash equivalents and marketable securities	$	421,397	$	40,248	$	381,149	$	—

The following table presents 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 these fair values as of December 31, 2021 (in thousands):

	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	59,162	$	59,162	$	—	$	—
Corporate debt securities		11,649		—		11,649		—
U.S. Treasury securities		5,000		—		5,000		—
Marketable securities:
Corporate debt securities		308,300		—		308,300		—
U.S. government debt securities		37,883		—		37,883		—
U.S. Treasury securities		29,172		—		29,172		—
Total cash equivalents and marketable securities	$	451,166	$	59,162	$	392,004	$	—