Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

	March 31, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	114,896					$	114,896
U.S. government treasury securities	$	39,999					$	39,999
Totals	$	154,895	$	—	$	—	$	154,895
Short-term investments:
U.S. government treasury securities	$	168,347					$	168,347
Totals	$	168,347	$	—	$	—	$	168,347

	December 31, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	55,505	$	—	$	—	$	55,505
U.S. government treasury securities		39,998		—		—		39,998
Totals	$	95,503	$	—	$	—	$	95,503
Short-term investments:
U.S. government treasury securities	$	233,663	$	—	$	—	$	233,663
Totals	$	233,663	$	—	$	—	$	233,663