Group 1 - HubSpot's shares have materially corrected, yet the business continues to show resilient growth and expanding profitability [1] - Solid quarterly results, ARPU reacceleration, and stable customer dynamics are observed [1] - Current valuation presents an attractive entry point for investors [1] Group 2 - Invest Heroes LLC is a CIS-based research firm established in 2018, providing equity and fixed income research services [1] - The firm covers over 120 Russian, US, and Chinese stocks, as well as 200 Russian bonds [1] - The research team consists of 9 analysts and has gained global professional recognition, participating in Refinitiv and Factset [1]

Company Overview - Invest Heroes LLC is a CIS-based research firm established in 2018, providing equity and fixed income research services that have gained local recognition among professional investors and private clients [1] - The firm covers over 120 Russian, US, and Chinese stocks, as well as more than 200 Russian bonds, including corporate and state-owned enterprises [1] - The research services are offered as a paid service to institutional clients, asset managers, and approximately 3000 private clients [1] Team and Recognition - The team consists of 2 strategists and 9 analysts specializing in equity and fixed income markets, achieving global professional recognition [1] - Within the first three years, the firm gained entry into Refinitiv and Factset, participated in Refinitiv consensus, and became recognized as the best analysts in the Refinitiv rating for several Russian companies [1] - The firm is in the process of signing with S&P Market Intelligence, indicating further growth and recognition in the industry [1] Research Approach - The forecasts provided by the firm are often ahead of the market due to a detailed business model built for each company [1]