After installing the agent in a Debian VM on Proxmox, I noticed that the VM periodically (every few seconds) spiked the CPU usage. After looking at htop, I confirmed this to be caused by the HetrixTools agent.
This is a graph of CPU% of the VM. The drop is after I uninstalled the agent.

I also have the agent installed on the host, where it doesn't seem to be doing this. Must be something specific to VMs.