SentinelOne steadies after $1.25 bln convertible bond sale

** Cybersecurity platform SentinelOne's S.N 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% after co early Tues 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