Could have saved a few bb's here by raising to like $3.50, right? Is the c/f ok?

PokerStars No-Limit Hold'em, $0.10 BB (9 handed) - Poker-Stars Converter Tool from FlopTurnRiver.com

Button ($1.85)
SB ($4.50)
BB ($7.95)
UTG ($2.20)
UTG+1 ($1.75)
MP1 ($15.45)
Hero (MP2) ($10.65)
MP3 ($10.40)
CO ($10.10)

Preflop: Hero is MP2 with ,
3 folds, Hero bets $0.40, MP3 raises to $1.30, 4 folds, Hero raises to $5, MP3 calls $3.70

Flop: ($10.15) , , (2 players)
Hero checks, MP3 bets $5.40 (All-In), Hero folds

Total pot: $10.15 | Rake: $0.50