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CASH EQUIVALENTS AND MARKETABLE SECURITIES - (Tables)

3 Months Ended

Mar. 31, 2022

The table below summarizes the Company’s cash equivalents and marketable securities (in thousands):


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
March 31, 2022
Assets
Cash equivalents:
Money market funds	$	49,827	$	—	$	—	$	49,827

U.S. government-sponsored entity debt securities	15,009				(1)		15,008
Total	64,836		—		(1)		64,835
Marketable securities:
U.S. government-sponsored entity debt securities	24,788		—		(347)		24,441
Commercial paper securities	117,709		—		(384)		117,325
Corporate debt securities	17,522		—		(149)		17,373
Asset-backed securities	67,890		—		(375)		67,515
U.S. treasury bills	2,995		—		—		2,995
Certificate of deposits	50,526		—		(121)		50,405
Total	281,430		—		(1,376)		280,054
Total cash equivalents and marketable securities	$	346,266	$	—	$	(1,377)	$	344,889

December 31, 2021
Assets
Cash equivalents:
Money market funds	$	119,919	$	—	$	—	$	119,919
Total	119,919		—		—		119,919
Marketable securities:
U.S. government-sponsored entity debt securities	30,700		1		(87)		30,614
Commercial paper securities	105,792		7		(42)		105,757
Corporate debt securities	33,723		1		(42)		33,682
Asset-backed securities	70,807		1		(107)		70,701
Certificate of deposits	45,116		1		(26)		45,091
Total	286,138		11		(304)		285,845
Total cash equivalents and marketable securities	$	406,057	$	11	$	(304)	$	405,764

The fair value of marketable securities by contractual maturity were as follows (in thousands):


	March 31, 2022		December 31, 2021
Maturing in one year or less	$	212,547	$	197,676
Maturing after one year through five years	82,515		88,169
Total	$	295,062	$	285,845