Available-For-Sale Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Marketable Securities

The following tables summarize the estimated fair value of the Company’s available-for-sale marketable securities as of September 30, 2023 and December 31, 2022 (in thousands):

As of September 30, 2023:	Total Amortized Cost		Total Unrealized Gains		Total Unrealized Loss		Total Estimated Fair Value
Money market funds (included in cash and cash equivalents)	$	84,761	$	-	$	-	$	84,761
U.S. Treasury obligations ($223,032 included in cash and cash equivalents)	514,029		51		(30)		514,050
Corporate debt obligations ($46,714 included in cash and cash equivalents)	140,923		4		(74)		140,853
Federal agency obligations ($21,347 included in cash and cash equivalents)	41,892		5		(6)		41,891
Total available for sale marketable securities	$	781,605	$	60	$	(110)	$	781,555

As of December 31, 2022:	Total Amortized Cost		Total Unrealized Loss (1)		Total Estimated Fair Value
Money market funds (included in cash and cash equivalents)	$	238,223	$	-	$	238,223
U.S. Government bonds	25,506		(47)		25,459
U.S. Treasury obligations	11,430		(26)		11,404
Corporate debt obligations	2,145		(4)		2,141
Federal agency obligations	8,515		(9)		8,506
Total available for sale marketable securities	$	285,819	$	(86)	$	285,733

(1)The Company did not have any gross unrealized gains as of December 31, 2022.