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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a 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 such fair values as of June 30, 2022 and December 31, 2021:

Description

 

Financial Assets

 

 

Quoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Other
Observable
Inputs
(Level 3)

 

 

 

(in thousands)

 

As of June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 Assets

 

 

 

 

 

 

 

 

 

 

 

 

 Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 Money market funds

 

$

218,740

 

 

$

218,740

 

 

$

—

 

 

$

—

 

 Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

 

6,255

 

 

 

6,255

 

 

 

—

 

 

 

—

 

 Total financial assets

 

$

224,995

 

 

$

224,995

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 Assets

 

 

 

 

 

 

 

 

 

 

 

 

 Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 Money market funds

 

$

2,535

 

 

$

2,535

 

 

$

—

 

 

$

—

 

 Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

 

7,439

 

 

 

7,439

 

 

 

—

 

 

 

—

 

 Total financial assets

 

$

9,974

 

 

$

9,974

 

 

$

—

 

 

$

—