Cash and Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Cash and Cash Equivalents and Marketable Securities

4. Cash and Cash Equivalents and Marketable Securities

As of June 30, 2022 and December 31, 2021, cash and cash equivalents and marketable securities were comprised of the following:

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
	(in thousands)
As of June 30, 2022
Money market funds included in cash and     cash equivalents	$	218,740	$	—	$	—	$	218,740
Marketable securities:
U.S. Treasury notes		6,255		—		—		6,255
Total	$	224,995	$	—	$	—	$	224,995
As of December 31, 2021
Money market funds included in cash and     cash equivalents	$	2,535	$	—	$	—	$	2,535
Marketable securities:
U.S. Treasury notes		7,439		—		—		7,439
Total	$	9,974	$	—	$	—	$	9,974

The amortized cost of marketable securities at June 30, 2022 is equal to their fair value. Accordingly, no unrealized gains or losses were recognized in the six months ended June 30, 2022 and 2021.

The maturities of the Company’s money market funds included in cash and cash equivalents, and marketable securities is less than one year.