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 these fair values as of June 30, 2022 (in thousands):

	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	57,033	$	57,033	$	—	$	—
Marketable securities:
Corporate debt securities	264,071		—		264,071		—
U.S. government debt securities	50,779		—		50,779		—
U.S. Treasury securities	25,691		—		25,691		—
Total cash equivalents and marketable securities	$	397,574	$	57,033	$	340,541	$	—

There have been no transfers between fair value levels during the six months ended June 30, 2022.

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 these fair values as of December 31, 2021 (in thousands):

	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	59,162	$	59,162	$	—	$	—
Corporate debt securities	11,649		—		11,649		—
U.S. Treasury securities	5,000		—		5,000		—
Marketable securities:
Corporate debt securities	308,300		—		308,300		—
U.S. government debt securities	37,883		—		37,883		—
U.S. Treasury securities	29,172		—		29,172		—
Total cash equivalents and marketable securities	$	451,166	$	59,162	$	392,004	$	—