Shares of monday.com Ltd. (MNDY) are trading 20% higher at a price of $153.91 at the time of this writing. The stock is outpacing peers in what has been a rather glum (-0.91%) day in the Information Technology sector.  The stock is rallying on a strong earnings report where it beat analysts estimates for both earnings-per-share (EPS) and expected revenue.

monday.com has been trading between a 52-week high of $450 and a 52-week low of $85.75. The stock has a market cap of $6.91 Billion.

The monday.com Work OS is an open platform that democratizes the power of software so organizations can easily build software applications and work management tools to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work. monday.com has teams in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Kiev and Sydney.