BUZZ — SentinelOne slides on planned $1.25 bln convertible offering

* Cybersecurity platform SentinelOne's shares slide 9% before the bell to $23.35 on capital raise plans * S announces private offering of $1.25 bln 0% convertible bonds (CBs) due 2031 * Co intends to use net proceeds for general corp purposes, stock buybacks, working capital, capex, potential acquisitions * It also intends to use some proceeds to pay cost of capped call transactions to mitigate dilution, and repurchase $150 mln of its shares from investors in the CBs * Mountain View, California-based firm has nearly $9 bln market cap * At Mon close, stock surged ~71% YTD * 19 of 37 analysts rate the stock "strong buy" or "buy", 18 "hold"; median PT of $25 up from $19 three months ago, per LSEG (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380)