Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis and Level of Fair Value Hierarchy Classification

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of March 31, 2021 and December 31, 2020 (in thousands):

	Fair Value Measurements at March 31, 2021
	Total		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	100,745	$	100,745	$	—	$	—
Marketable securities:
Corporate bonds		13,075		—		13,075		—
Commercial paper		30,036		—		30,036		—
Total	$	143,856	$	100,745	$	43,111	$	—

	Fair Value Measurements at December 31, 2020
	Total		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	57,052	$	57,052	$	—	$	—
Marketable securities:
Corporate bonds		23,339		—		23,339		—
Commercial paper		32,523		—		32,523		—
Total	$	112,914	$	57,052	$	55,862	$	—