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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Cash Equivalents and Marketable Securities Measured at Fair Value

The following tables summarize the Company’s cash equivalents and marketable securities measured at fair value (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements Using

 

As of March 31, 2022

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets (Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

231,256

 

 

$

231,256

 

 

$

 

 

$

 

U.S. Government agency securities

 

 

4,949

 

 

 

 

 

 

4,949

 

 

 

 

Negotiable certificates of deposit

 

 

3,830

 

 

 

 

 

 

3,830

 

 

 

 

Corporate debt securities

 

 

17,774

 

 

 

 

 

 

17,774

 

 

 

 

Total

 

$

257,809

 

 

$

231,256

 

 

$

26,553

 

 

$

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

As of December 31, 2021

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets (Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

65,372

 

 

$

65,372

 

 

$

 

 

$

 

Negotiable certificates of deposit

 

 

3,873

 

 

 

 

 

 

3,873

 

 

 

 

Corporate debt securities

 

 

15,850

 

 

 

 

 

 

15,850

 

 

 

 

Total

 

$

85,095

 

 

$

65,372

 

 

$

19,723

 

 

$