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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2021 and December 31, 2020 (in thousands):

 

 

 

Fair Value Measurements at

June 30, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

46,879

 

 

$

46,879

 

 

$

 

 

$

 

Corporate bonds

 

 

1,301

 

 

 

 

 

 

1,301

 

 

 

 

Commercial paper

 

 

8,599

 

 

 

 

 

 

8,599

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

22,744

 

 

 

 

 

 

22,744

 

 

 

 

Commercial paper

 

 

46,027

 

 

 

 

 

 

46,027

 

 

 

 

Total

 

$

125,550

 

 

$

46,879

 

 

$

78,671

 

 

$

 

 

 

 

 

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

 

 

$