| Fair Value, Assets Measured on Recurring Basis |
The following table presents information about the Company's assets measured at fair value on a recurring basis and indicates the level within fair value hierarchy of the valuation techniques utilized to determine such value.
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | (in thousands) | Total | | Quoted Prices
in Active
Markets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Cash equivalents | | | | | | | | | Money market funds | $ | 90,649 | | | $ | 90,649 | | | $ | — | | | $ | — | | | U.S. treasury securities | 24,889 | | | 24,889 | | | — | | | — | | | $ | 115,538 | | | $ | 115,538 | | | $ | — | | | $ | — | | | Marketable securities | | | | | | | | | U.S. treasury securities | $ | 29,548 | | | $ | 29,548 | | | $ | — | | | $ | — | | | U.S government agency securities | 4,975 | | | — | | | 4,975 | | | — | | | $ | 34,523 | | | $ | 29,548 | | | $ | 4,975 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | (in thousands) | Total | | Quoted Prices
in Active
Markets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Cash equivalents | | | | | | | | | Money market funds | $ | 50,471 | | | $ | 50,471 | | | $ | — | | | $ | — | | | U.S. government agency securities | 9,993 | | | — | | | 9,993 | | | — | | | $ | 60,464 | | | $ | 50,471 | | | $ | 9,993 | | | $ | — | | | Marketable securities | | | | | | | | | U.S. treasury securities | $ | 107,810 | | | $ | 107,810 | | | $ | — | | | $ | — | | | U.S. government agency securities | 44,017 | | | — | | | 44,017 | | | — | | | $ | 151,827 | | | $ | 107,810 | | | $ | 44,017 | | | $ | — | |
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