BUZZ — SentinelOne steadies after $1.25 bln convertible bond sale

* Cybersecurity platform SentinelOne's shares up 0.2% at $24.05 premarket after securing raise * Co early Weds announced pricing private offering of $1.25 bln 0% convertible bonds (CBs) due Oct 1, 2031 * Conversion price of $31.21 represents 30% premium to stock's last close * S shares finished down 6.4% on Tues after co launched offering for general purposes, including stock buybacks, working capital, capex, potential acquisitions * Co expects to use ~$131.6 mln of net proceeds to pay cost of capped call transactions and $150 mln to repurchase its shares from investors in the CBs * Through Tues, stock up ~60% YTD * Avg rating of 36 analysts is "buy"; 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)